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Daily Pivots: (S1) 146.78; (P) 147.89; (R1) 149.86; More… Intraday bias in USD/JPY remains on the upside for the moment. Rise from 139.57 is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of 161.94 to 139.57 at 153.39 next. On the downside, below 145.91 […]

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GBP/JPY Daily Outlook

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01/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.27; (P) 196.82; (R1) 197.70; More.. GBP/JPY is extending consolidation from 200.53 and intraday bias remains neutral. Outlook will remain bullish as long as 193.51 resistance turned support holds. Firm break of 200.53 will resume larger up trend. In the bigger picture, current rally is part of the up trend from 123.94 […]
28/02/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2665; (P) 1.2681; (R1) 1.2702; More… Intraday bias in GBP/USD stays neutral at this point and outlook is unchanged. 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 […]
04/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.37; (P) 146.80; (R1) 147.40; More… USD/JPY’s rise from 139.57 extends higher today and intraday bias stays on the upside. The break of 38.2% retracement of 161.94 to 139.57 at 148.11 argues that whole fall from 161.95 has completed already, just ahead of 139.26 fibonacci level. Rebound from 139.67 is seen as […]