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Daily Pivots: (S1) 1.2757; (P) 1.2811; (R1) 1.2878; More… Intraday bias in GBP/USD stays neutral for the moment. 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. Nevertheless, firm break of 1.2933 will bring stronger […]

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31/08/2024

GBP/JPY Weekly Outlook

No change in GBP/JPY’s outlook as sideway trading continued below 191.99 last week. Initial bias stays neutral this week first. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, firm break of 187.84 support will […]
19/02/2025

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6416; (P) 1.6468; (R1) 1.6498; More… Intraday bias in EUR/AUD stays neutral for the moment. On the upside, break of 1.6631 resistance will reaffirm the case that consolidation from 1.6800 has completed at 1.6391. Retest of 1.6800 high should be seen next and firm break there will resume the rally from 1.5963. […]
10/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 157.42; (P) 157.73; (R1) 158.24; More… Intraday bias in EUR/JPY stays neutral at this point, and further rally is in favor with 155.06 support intact. On the upside, above 158.97 will resume the rebound from 153.15 to 100% projection of 153.15 to 158.55 from 155.06 at 160.46. In the bigger picture, price […]