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GBP/USD’s rise from 1.2036 continued to 1.2731 last week but retreated after hitting 61.8% retracement of 1.3141 to 1.2036 at 1.2716. Initial bias stays neutral this week first. Some more consolidations could be seen but further rise is expected as long as 1.2590 minor support holds. On the upside, decisive break of 1.2731 will resume […]

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06/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.01; (P) 155.75; (R1) 156.86; More…. No change in USD/JPY’s outlook as range trading continues. Risk will stay on the downside as long as 157.70 resistance holds. Fall from there is seen as the third leg of the corrective pattern from 160.20. On the downside, break of 154.53 will target 153.59 support […]
16/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 204.32; (P) 204.86; (R1) 205.57; More… Intraday bias in GBP/JPY is turned neutral first. Corrective fall from 208.09 short term top could still extend lower. Break of 203.82 would target 38.2% retracement of 191.34 to 208.09 at 201.69. Strong support is expected there to bring rebound. On the upside, above 206.35 minor […]
14/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6531; (P) 1.6572; (R1) 1.6613; More… Intraday bias in EUR/AUD remains neutral and outlook stays bullish with 1.6474 support intact. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 resistance first. Firm break there will resume larger up trend to 1.7715 fibonacci projection level next. However, firm break of […]