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GBP/JPY’s rebound 178.32 is in progress and intraday bias stays on the upside. Current rise should target a test on 188.63 high. On the downside, break of 182.73 support is needed to indicate completion of the rebound. Otherwise, further rally will remain in favor in case of retreat. In the bigger picture, price actions from […]

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28/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6826; (P) 0.6839; (R1) 0.6860; More… Intraday bias in AUD/USD remains on the upside, as rise from 0.6269 is in progress for 0.6894 resistance first. Sustained break there will target 0.7156 next. On the downside, below 0.6796 minor support will turn intraday bias neutral first. But outlook will remain bullish as long […]
29/11/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0933; (P) 1.0946; (R1) 1.0967; More… Intraday bias in EUR/USD remains neutral at this point. Consolidation pattern from 1.0964 could still extend further. But after all. further rally is in favor as long as 1.0823 support holds. Sustained break of 61.8% retracement of 1.1274 to 1.0447 at 1.0958 will resume the rise […]
10/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2678; (P) 1.2722; (R1) 1.2753; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from 1.3141 medium term […]