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Daily Pivots: (S1) 187.14; (P) 187.67; (R1) 188.17; More… Intraday bias in GBP/JPY remains neutral as consolidation from 188.90 is still extending. with 186.14 resistance turned support intact, further rally is expected. On the upside, break of 188.90, and sustained trading above 188.63 will confirm up trend resumption. Next target is 38.2% projection of 155.33 […]

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USD/JPY Mid-Day Outlook

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07/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0747; (P) 1.0776; (R1) 1.0792; More… Intraday bias in EUR/USD remains mildly on the downside for the moment. Sustained break of 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to retest 1.0447 support. On the upside, above 1.0804 minor resistance will turn intraday bias neutral […]
03/08/2024

EUR/USD Weekly Outlook

While the dip to 1.0776 was deeper than expected, EUR/USD’s subsequent strong rebound suggests that pullback from 1.0947 has completed already. Initial bias stays on the upside for retesting 1.0947 first. Firm break there will target 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056. For now, risk will stay on the upside as […]
22/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8555; (P) 0.8574; (R1) 0.8597; More… Intraday bias in EUR/GBP remains neutral at this point. Further decline is expected as long as 0.8619 resistance holds. On the downside, decisive break of 0.8548 will indicate that larger down trend is ready to resume through 0.8491 low. However, break of 0.8619 will dampen this […]