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GBP/JPY’s up trend resumed and edged higher to 190.05 last week, but then retreated. Initial bias remains neutral this week for more consolidations. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias to […]

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13/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8521; (P) 0.8538; (R1) 0.8557; More… Intraday bias in EUR/GBP remains neutral as it’s still bounded in range trading. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside […]
24/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0669; (P) 1.0695; (R1) 1.0719; More…. Intraday bias in EUR/USD remains neutral first and consolidation from 1.0667 could extend. But further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Break of 1.0667 will target 1.0601 and below. In the bigger […]
14/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2534; (P) 1.2585; (R1) 1.2669; More… GBP/USD’s break of 1.2615 minor resistance suggests that pull back from 1.2731 has completed at 1.2501 already. Intraday bias is back on the upside for 1.2731 first. Decisive break there will resume whole rally from 1.2036 for retesting 1.3141 high next. On the downside, break of […]