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Daily Pivots: (S1) 1.2713; (P) 1.2764; (R1) 1.2815; More… Intraday bias in GBP/JPY is turned neutral first with current recovery. Some consolidations would be seen but risk will stay on the downside with 1.2933 minor resistance intact. Break of 1.2706 will resume the decline from 1.3206 to 61.8% retracement of 1.2099 to 1.3206 at 1.2522. […]

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11/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2500; (P) 1.2551; (R1) 1.2600; More… Further decline remains mildly in favor in GBP/USD despite today’s recovery. Fall fall 1.2731 short term top would extend to 55 D EMA (now at 1.2445). Sustained break there will bring retest of 1.2036 low. However, firm break of 1.2611 will turn bias back to the […]
02/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9128; (P) 0.9176; (R1) 0.9207; More…. USD/CHF retreated after rising to 0.9223 and intraday bias is turned neutral first. Further rally is in favor as long as 0.9087 support holds. On the upside, above 0.9223 will resume larger rally to 0.9243 resistance, and 61.8% projection of 0.8728 to 0.9151 from 0.9009 at […]
16/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.08; (P) 140.99; (R1) 141.69; More… Intraday bias in USD/JPY remains on the downside for 139.26 fibonacci level. Some support could be seen there to bring rebound. But outlook will remain bearish as long as 143.03 resistance holds. Decisive break of 139.26 would carry larger bearish implications, and target 61.8% projection of […]