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GBP/USD’s rally accelerated higher last week and the break of 1.3141 resistance confirms larger up trend resumption. Initial bias remains on the upside this week for 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3075 minor support will turn intraday bias neutral and bring consolidations, before staging another rally. […]

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22/06/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rally last week suggests that rise form 164.01 is resuming. Initial bias stays on the upside this week. Firm break of 170.87 will target 61.8% projection of 164.01 to 170.87 from 167.52 at 171.75. On the downside, below 169.31 minor support will dampen this bullish case and turn intraday bias neutral gain first. In […]
07/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 184.74; (P) 185.27; (R1) 185.56; More… GBP/JPY’s fall from 188.63 accelerates lower today and breaks through 184.44 support. Current development argues that a medium term is in place on bearish divergence condition in D MACD. Fall from 188.63 is likely corrective whole rise from 148.93. Intraday bias is now on the downside […]
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 […]