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Daily Pivots: (S1) 198.15; (P) 198.41; (R1) 198.87; More… Intraday bias in GBP/JPY stays neutral and outlook is unchanged. On the downside, break of 197.84 will extend the pullback from 200.26 towards 195.01 support. But near term outlook will still stay bullish as long as 195.01 support holds. On the upside, firm break of 2002.6 […]

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12/01/2025

EUR/USD Weekly Outlook

EUR/USD’s decline continued to stall above 1.0199 fibonacci level last week. Initial bias stays neutral this week first. But outlook will remain bearish as long as 1.0435 resistance holds. Decisive break of 1.0199 will resume the whole fall from 1.1213 to 61.8% projection of 1.1213 to 1.0330 from 1.0629 at 1.0083. In the bigger picture, […]
06/11/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0890; (P) 1.0913; (R1) 1.0954; More… EUR/USD’s fall from 1.1213 accelerates further and intraday bias remains on the downside. Next target is 61.8% projection of 1.1213 to 1.0760 from 1.0936 at 1.0656. Firm break there will pave the way to 100% projection at 1.0483.For now, near term outlook will stay bearish as […]
22/03/2025

USD/CAD Weekly Outlook

Range trading continued in USD/CAD last week and outlook is unchanged. Initial bias remains neutral this week first. Overall, price actions from 1.4791 are seen as a corrective pattern. On the upside, break of 1.4541 will extend the second leg from 1.4150 to retest 1.4791 high. On the downside, break of 1.4238 will argue that […]