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Range trading continued in GBP/JPY last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 193.04 will resume the rebound from 187.04 to 194.73 resistance, and then 198.94. On the downside, firm break of 187.04 will extend the fall from 199.79 towards 180.00 support. Overall, corrective […]

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12/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.80; (P) 192.19; (R1) 192.81; More….. Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Consolidation from 193.51 is extending but further rally is expected as long as 190.02 support holds. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, […]
10/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0920; (P) 1.0956; (R1) 1.0975; More…. Intraday bias in EUR/USD is back on the downside with break of 1.0950 temporary low. Fall from 1.1213 short term top is resuming for 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Sustained break there will argue that fall from 1.1213 is the third leg of […]
06/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6531; (P) 1.6566; (R1) 1.6607; More… Range trading continues in EUR/AUD and intraday bias remains neutral. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for confirmation. Nevertheless, […]