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GBP/JPY’s extended fall last week suggests that rise from 188.07 has already completed at 198.84. Initial bias stays on the downside this week for 188.07 support. Firm break there will argue that corrective pattern from 180.00 has finished too, and larger decline from 208.09 might be ready to resume. On the upside, above 194.76 minor […]

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GBP/JPY Daily Outlook

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30/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.15; (P) 196.84; (R1) 200.07; More.. Intraday bias in GBP/JPY remains neutral as consolidations from 200.53 short term top continues. 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 […]
02/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.33; (P) 151.55; (R1) 151.88; More… Range trading continues in USD/JPY and intraday bias remains neutral. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.35). Nevertheless, sustained break of 151.93 key resistance will confirm long […]
21/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6186; (P) 1.6223; (R1) 1.6297; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. On the upside, break of 1.6319 resistance will now indicate short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be back on the upside for 1.6478 resistance. Nevertheless, on the downside, […]