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GBP/JPY rebounded after initial dip to 190.02 but failed to break through 193.51 resistance. Initial bias remains neutral this week for more consolidations. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, break of 190.02 will turn bias to the downside for 187.94 support […]

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30/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.91; (P) 156.95; (R1) 159.37; More… Intraday bias in USD/JPY stays neutral for the moment. Consolidation from 160.20 short term top is extending. Strong support could be seen from 38.2% retracement of 146.47 to 160.20 at 154.95 to bring recovery. But break of 160.20 is not envisaged for now. However, firm break […]
17/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2642; (P) 1.2672; (R1) 1.2699; More… GBP/USD is staying in consolidation below 1.2669 and intraday bias remains neutral. Further rally is expected as long as 1.2445 support holds. Break of 1.2708 resistance will pave the way to 1.2892 resistance next. In the bigger picture, price actions from 1.3141 medium term top are […]
16/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.32; (P) 144.95; (R1) 145.54; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. Rebound from 140.25 could extend through 146.40, but upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, break of 143.41 will turn bias back to the downside for retesting […]