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Daily Pivots: (S1) 1.2732; (P) 1.2770; (R1) 1.2847; More….. GBP/USD’s rally from 1.2298 resumed by breaking through 1.2799 resistance. Intraday bias is back on the upside. Next target is 1.2892 resistance. For now, break of 1.2693 support is needed to indicate short term topping. Otherwise, outlook will stay cautiously bullish in case of retreat. In […]

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19/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3557; (P) 1.3590; (R1) 1.3639; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, break of 1.3545 minor support will suggest that recovery from 1.3439 has completed, and turn bias to the downside for retesting this low. Nevertheless, decisive break of 38.2% retracement of 1.3946 to 1.3439 at […]
30/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.25; (P) 153.80; (R1) 154.58; More… USD/JPY’s recovery from 151.93 extended higher today but stays below 155.36 support turned resistance. Intraday bias remains neutral and further decline is in favor. On the downside, decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 fibonacci level. […]
22/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.57; (P) 142.60; (R1) 143.14; More… Intraday bias in USD/JPY remains neutral as consolidation from 140.94 is extending. But outlook will stay bearish as long as 146.58 resistance holds. Firm break of 140.94 will resume the whole fall from 151.89. Next target will be next fibonacci level at 136.63. In the bigger […]