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USD/CAD rose further to 1.4078 last week but formed a temporary top there and retreated. Initial bias remains neutral this week for some more consolidations. Further rally is expected as long as 1.3930 support holds. Current development suggest that rise from 1.3538 is reversing whole fall from 1.4791. Above 1.4078 will target 61.8% retracement of […]

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GBP/JPY Weekly Outlook

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24/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.45; (P) 192.15; (R1) 193.47; More.. GBP/JPY is still bounded in range below 193.51 and intraday bias remains neutral. Further rally is expected with 189.97 support intact. On the upside, firm break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 189.97 will indicate that […]
07/11/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6233; (P) 1.6366; (R1) 1.6458; More… Intraday bias in EUR/AUD remains on the downside for 1.6132 support. Break there will extend the fall from 1.6598 to retest 1.5996 key support level. On the upside, above 1.6356 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as […]
12/02/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2368; (P) 1.2411; (R1) 1.2491; More… GBP/USD dips notably in early US session but stays above 1.2248 support. Intraday bias remains neutral at this point. Corrective pattern from 1.2099 could extend with another rebound. But upside should be limited by 38.2% retracement of 1.3433 to 1.2099 at 1.2609. On the downside, break […]