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AUD/USD’s fall from 0.6941 continued last week but formed a temporary low at 0.6536, ahead of 61.8% retracement of 0.6269 to 0.6941 at 0.6526. Initial bias remains neutral this week for consolidations first. Further decline is expected as long as 55 D EMA (now at 0.6700) holds. On the downside, sustained break of 0.6526 will […]

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27/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.24; (P) 199.66; (R1) 200.37; More… Intraday bias in GBP/JPY remains on the upside for 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, below 198.25 minor support will turn intraday bias neutral first. Further break of 197.07 will argue that the […]
01/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.36; (P) 186.97; (R1) 187.70; More… GBP/JPY is staying in consolidation below 188.63 and intraday bias remains neutral for the moment. While deeper retreat cannot be ruled out, near term outlook will stay bullish as long as 184.44 support holds. On the upside, break of 188.63 will resume larger up trend. In […]
17/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 195.66; (P) 196.29; (R1) 197.54; More… GBP/JPY’s rebound from 191.34 resumed after brief recovery and intraday bias is back on the upside. Rise from 191.34 is seen as the second leg of the corrective pattern from 200.53. Sustained break of 197.07 will pave the way to retest 200.53. On the downside, firm […]