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Daily Pivots: (S1) 190.01; (P) 191.02; (R1) 191.77; More… Intraday bias in GBP/JPY remains neutral for the moment, as range trading continues below 191.99. On the upside, above 191.99 will 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, however, firm break […]

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11/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1006; (P) 1.1028; (R1) 1.1041; More…. Intraday bias in EUR/USD stays neutral with focus on 38.2% retracement of 1.0665 to 1.1200 at 1.0996. Strong rebound from there will retain near term bullishness. Break of 1.1153 will indicate that larger rally is resuming through 1.1200 resistance to 1.1274 high. However, sustained break of […]
04/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0854; (P) 1.0879; (R1) 1.0931; More…. Further rally is still expected in EUR/USD despite current retreat. Rise from 1.0601 should target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, break of 1.0788 will turn intraday bias back to the downside for deeper pullback instead. In the bigger picture, price […]
07/01/2024

EUR/GBP Weekly Outlook

EUR/GBP’s decline last week suggests that rebound from 0.8548 has completed at 0.8713 already. Initial bias stays mildly on the downside this week for 0.8548 support first. Firm break there will target 0.8491 low next. On the upside, above 0.8638 minor resistance will turn intraday bias neutral first. But risk will stay on the downside […]