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Daily Pivots: (S1) 1.2626; (P) 1.2657; (R1) 1.2693; More… Intraday bias in GBP/USD remains neutral as sideway trading continues. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue that whole rise […]

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04/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0854; (P) 1.0879; (R1) 1.0931; More…. EUR/USD’s rally from 1.0601 resumed by break through 1.0894 resistance. Intraday bias is back on the upside for t .8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as long as 1.0788 support holds, in case of […]
14/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8529; (P) 0.8548; (R1) 0.8564; More…. EUR/GBP’s break of 0.8567 suggests that corrective pullback from 0.8624 has completed at 0.8530, after hitting 38.2% retracement of 0.8382 to 0.8624 at 0.8532. Intraday bias is back on the upside for retesting 0.8624 first. Break there will resume the rally from 0.8382. However, decisive break […]
06/02/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 185.83; (P) 186.74; (R1) 187.31; More… Range trading continues in GBP/JPY and intraday bias remains neutral for the moment. On the upside, firm break of 187.60 will turn bias to the upside for 188.90. Break there will confirm resumption of larger up trend. Meanwhile, below 185.21 will turn bias to the downside […]