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Daily Pivots: (S1) 188.92; (P) 190.21; (R1) 191.47; More… Range trading continues in GBP/JPY below 191.99 and intraday bias remains neutral. On the upside, above 191.99 will resume the rally from 180.00, and target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, […]

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02/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9480; (P) 0.9522; (R1) 0.9549; More…. Intraday bias in EUR/CHF remains on the downside for the moment. Current fall form 0.9928 should target 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320. On the upside, above 0.9519 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another […]
15/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2653; (P) 1.2724; (R1) 1.2835; More… GBP/USD’s rally is in progress and intraday bias stays on the upside for the moment. Current rise from 1.2036 should target 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909 next. On the downside, below 1.2678 minor support will turn intraday bias neutral first. But […]
03/03/2024

USD/CAD Weekly Outlook

USD/CAD edged higher to 1.3605 last week but retreated again. Initial bias remains neutral this week for more consolidations. Further rally is expected as long as 1.3439 support holds. Break of 1.3605 will resume the rise from 1.3176 and target 100% projection of 1.3176 to 1.3540 from 1.3357 at 1.3721 next. In the bigger picture, […]