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GBP/JPY retreated to 189.02 last week but recovered since then. Initial bias is turned neutral this week first. Risk is mildly on the downside as long as 191.29 resistance holds. Firm break of 188.90 resistance turned support will bring deeper fall to 38.2% retracement of 178.32 to 191.29 at 186.33, as a correction to rise […]

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14/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2792; (P) 1.2833; (R1) 1.2903; More… GBP/USD’s extended rebound and break of 1.2839 resistance argues that pull back from 1.3043 has completed at 1.2664 already. Intraday bias is back on the upside for retesting 1.3043. firm break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from […]
22/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6730; (P) 0.6745; (R1) 0.6760; More… A temporary top should be in place at 0.6760 in AUD/USD with 4H MACD crossed below signal line. Intraday bias is turned neutral for consolidations first. Downside of retreat should be contained by 55 4H EMA (now at 0.6664) to bring rebound. Above 0.6760 will target […]
27/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1020; (P) 1.1032; (R1) 1.1056; More… Intraday bias in EUR/USD remains on the upside at this point. Current rise from 1.0447 should target a retest on 1.1274 high. Strong resistance should be seen from there to limit upside, at least on first attempt. On the downside, below 1.0993 minor support will turn […]