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Daily Pivots: (S1) 0.6533; (P) 0.6608; (R1) 0.6657; More… Intraday bias in AUD/USD remains neutral for the moment. For now, further rise is mildly in favor as long as 0.6551 short term bottom holds. Above 0.6687 will target 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, break of 0.6511 will resume the […]

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GBP/JPY Daily Outlook

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30/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 197.05; (P) 197.83; (R1) 198.87; More… Intraday bias in GBP/JPY remains neutral as consolidations continue above 195.84. Further decline is expected as long as 55 4H EMA (now at 200.20) holds. On the downside, sustained trading below 38.2% retracement of 178.32 to 208.09 at 196.71 will argue that larger scale correction is […]
28/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2731; (P) 1.2767; (R1) 1.2835; More… GBP/USD’s rally from 1.2036 resumed by breaking through 1.2793 resistance. Intraday bias is back on the upside. Next target is 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. On the downside, below 1.2698 minor support will turn intraday bias neutral again. But further rally […]
18/05/2024

EUR/GBP Weekly Outlook

EUR/GBP’s fall last week argues that rebound from 0.8529 has completed at 0.8619 already. Initial bias remain the downside this week for 0.8529 support first. Decisive break there will that larger down trend is ready to resume through 0.8491/7 support one. On the upside, above 0.8579 minor resistance will delay the bearish case and turn […]