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Daily Pivots: (S1) 194.75; (P) 195.60; (R1) 196.43; More… Intraday bias in GBP/JPY remains neutral first, and more consolidations could be seen. But further rise is in favor as long as 191.86 support holds. Firm break of 196.38 will resume whole rally from 184.35 to 199.79 resistance, and possibly further to 100% projection of 180.00 […]

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28/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8559; (P) 0.8572; (R1) 0.8579; More… Intraday bias in EUR/GBP remains neutral for the moment. With 0.8529 support intact, further rally is in favor. Rebound from 0.8497 is seen as at least correcting the fall from 0.8764. Above 0.8601 will target 161.8% projection of 0.8497 to 0.8577 from 0.8503 at 0.8632. In […]
19/05/2025

GBP/JPY Daily Outlook

Daily Pivots: (S1) 192.96; (P) 193.52; (R1) 194.00; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 196.38. Further rise is in favor as long as 190.22 support holds. On the upside, firm break of 195.95 will suggest that whole choppy decline from 199.79 has completed, and target this resistance […]
04/11/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.12; (P) 152.61; (R1) 153.42; More… Range trading continues in USD/JPYO and intraday bias stays neutral. Another rise is expected with 151.44 support intact. Sustained trading above of 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. However, considering bearish divergence condition in 4H MACD, […]