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Daily Pivots: (S1) 1.3306; (P) 1.3428; (R1) 1.3515; More… GBP/USD recovered after dipping to 1.3332 and intraday bias is turned neutral first. Overall outlook is unchanged that corrective pattern from 1.3787 is extending. Below 1.3332 will bring deeper pullback. But downside should be contained by 38.2% retracement of 1.2099 to 1.3787 at 1.3142. On the […]

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EUR/GBP Daily Outlook

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01/05/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 142.42; (P) 142.81; (R1) 143.45; More… USD/JPY’s rebound from 139.87 short term bottom resumed by breaking through 144.02 today. Intraday bias is back on the upside for 100% projection of 139.87 to 144.02 from 141.96 at 146.11. But still, near term outlook will stay bearish as long as 38.2% retracement of 158.86 […]
30/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 166.11; (P) 166.81; (R1) 167.39; More… Intraday bias in EUR/JPY remains neutral as consolidation continues above 164.81. Further decline is expected as long as 55 4H EMA (now at 168.63) holds. On the downside, decisive break of 164.29 support turned resistance will indicate that larger scale correction is underway for 155.91 fibonacci […]
23/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 195.36; (P) 195.95; (R1) 196.78; More… Intraday bias in GBP/JPY stays on the upside as rise from 180.00 is extended. Sustained trading above 61.8% retracement of 208.09 to 180.00 at 197.35 will target 208.09 high. On the downside, break of 193.69 support is needed to indicate short term topping. Otherwise, further rally […]