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Daily Pivots: (S1) 169.03; (P) 169.66; (R1) 170.09; More…. Intraday bias in EUR/JPY stays neutral and outlook is unchanged. Current development suggests that rebound from 164.31 has completed at 170.81. Risk will stay on the downside as long as 170.87 resistance holds. Below 168.01 will target 167.31 support first. Break there will target 164.01 support […]

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EUR/USD Mid-Day Outlook

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07/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0903; (P) 1.0933; (R1) 1.0962; More….. Intraday bias in EUR/USD stays neutral and more consolidations would be seen below 1.1007. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, break of 1.1007 will resume recent rally from 1.0665 to 100% projection of 1.0665 […]
20/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2951; (P) 1.2974; (R1) 1.3013; More… Intraday bias in GBP/USD remains on the upside as rise from 1.2664 is in progress for retesting 1.3043. Firm break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high. On the […]
28/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2731; (P) 1.2767; (R1) 1.2835; More… Intraday bias in GBP/USD is turned neutral again with current retreat. For now, further rise is in favor as long as 1.2611 support holds. Above 1.2826 will resume larger rise from 1.2036 to 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. Nevertheless, break of […]