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Daily Pivots: (S1) 190.24; (P) 190.85; (R1) 191.33; More… GBP/JPY continues to stay in range below 191.99 and intraday bias remains neutral. 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 of 187.84 […]

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13/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8592; (P) 0.8602; (R1) 0.8609; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has completed, and larger fall might be ready to resume. Intraday bias will be back on the downside for 0.8529 support first. In the […]
22/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6468; (P) 1.6501; (R1) 1.6546; More… Range trading continues in EUR/AUD and intraday bias remains neutral for the moment. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance […]
08/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.04; (P) 151.40; (R1) 151.98; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.65). On the upside, however, sustained break of 151.93 key resistance will confirm long […]