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Daily Pivots: (S1) 151.47; (P) 151.84; (R1) 152.45; More… No change in USD/JPY’s outlook and intraday bias stays neutral for the moment. Attention remains on 38.2% retracement of 139.57 to 158.86 at 151.4. Strong rebound from there will maintain near term bullishness. On the upside, break of 154.79 will revive the case that correction from […]

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03/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.21; (P) 190.46; (R1) 190.88; More….. Further decline is expected in GBP/JPY with 191.65 minor resistance holds. Fall from 193.51 would target 187.94 structural support. On the upside, break of 191.65 minor resistance will turn bias back to the upside for retesting 193.51. In the bigger picture, current rally is part of […]
14/01/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2131; (P) 1.2172; (R1) 1.2244; More… Intraday bias in GBP/USD remains neutral as consolidations continue above 1.2099 temporary low. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 1.2486 support turned resistance holds. Break of 1.2099 will resume the decline from 1.3433 to 100% projection of 1.3433 […]
01/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2598; (P) 1.2640; (R1) 1.2667; More… Intraday bias in GBP/USD remains neutral 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 that whole rise […]