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Daily Pivots: (S1) 1.3621; (P) 1.3648; (R1) 1.3682; More… Intraday bias in USD/CAD remains neutral for the moment. Strong bounce from current level will confirm support by 55 D EMA (now at 1.3628). Break of 1.3689 minor resistance will argue that correction from 1.3845 has completed, and bring stronger rally to 1.3761 resistance. However, sustained […]

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12/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8407; (P) 0.8422; (R1) 0.8430; More…. Intraday bias in EUR/GBP remains on the downside at this point. Corrective recovery form 0.8396 should have completed at 0.8498 after rejection by 55 D EMA. Deeper fall would be seen to retest 0.8396 support first. Firm break there will resume larger down trend. On the […]
19/02/2024

GBP/JPY Weekly Outlook

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 […]
24/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.45; (P) 192.15; (R1) 193.47; More.. GBP/JPY is still bounded in range below 193.51 and intraday bias remains neutral. Further rally is expected with 189.97 support intact. On the upside, firm break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 189.97 will indicate that […]