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Daily Pivots: (S1) 1.2881; (P) 1.2927; (R1) 1.2970; More… Intraday bias in GBP/USD stays mildly on the downside as correction from 1.3013 short term top would extend to 38.2% retracement of 1.2248 to 1.3013 at 1.2721. Strong support should be seen there to bring rebound. On the upside, break of 1.3013 will resume the rally […]

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05/03/2025

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8851; (P) 0.8916; (R1) 0.8960; More… Intraday bias in USD/CHF stays on the downside, with focus on 38.2% retracement of 0.8374 to 0.9200 at 0.8884. Strong rebound from current level, followed by break of 0.9035 resistance, will retain near term bullishness, and bring retest of 0.9200/23 resistance zone. However, firm break of […]
29/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 197.97; (P) 198.67; (R1) 199.52; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 180.00 should target a retest on 208.09 high next. On the downside, below 196.37 minor support will turn intraday bias neutral again first. In the bigger picture, price actions from 208.09 are […]
17/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8415; (P) 0.8430; (R1) 0.8439; More… Intraday bias in EUR/GBP stays neutral at this point. Consolidation from 0.8399 is in progress and stronger recovery cannot be ruled out. But upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. Break of 0.8399 will bring retest of 0.8382 low. Firm […]