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Daily Pivots: (S1) 1.4284; (P) 1.4539; (R1) 1.4687; More… A short term top should be in place at 1.4791 with the deep retreat from there. Intraday bias is turned neutral for consolidations. Downside should be contained by 1.4260 cluster support (38.2% retracement of 1.3418 to 1.4791 at 1.4267), which is also close to 55 D […]

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GBP/JPY Daily Outlook

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13/02/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.92; (P) 153.86; (R1) 155.35; More… Intraday bias in USD/JPY stays on the upside at this point. Corrective pull back from 158.86 should have completed at 150.92 after drawing support from 38.2% retracement of 139.57 to 158.86 at 151.49. Further rise should be seen to retest 158.86 first. Firm break there will […]
28/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9019; (P) 0.9046; (R1) 0.9064; More…. Intraday bias in USD/CHF is turned neutral with current retreat and some consolidations could be seen. But further rally is expected as long as 0.8964 support holds. Firm break of 0.9070 will resume larger rise from 0.8332 towards 0.9243 key resistance next. In the bigger picture, […]
03/08/2024

EUR/GBP Weekly Outlook

EUR/GBP’s rise from 0.8382 accelerated higher last week and the strong break of 0.8498 resistance argues that fall form 0.8643 has completed with five waves down to 0.8382. Initial bias stays on the upside this week for channel resistance (now at (now at 0.8560). Sustained break there will raise the chance of larger bullish trend […]