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Daily Pivots: (S1) 0.6196; (P) 0.6210; (R1) 0.6232; More… Intraday bias in AUD/USD is neutral for now, and further decline is in favor with 0.6273 resistance intact. Decisive break of 0.6169 will extend the fall from 0.6941, and target 138.2% projection of 0.6941 to 0.6511 from 0.6687 at 0.6074. However, considering bullish convergence condition in […]

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EUR/GBP Daily Outlook

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02/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.85; (P) 191.45; (R1) 192.40; More… Breach of 191.99 resistance suggests that GBP/JPY’s rebound from 180.00 is resuming. Intraday bias is mildly on the upside for 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, firm break of 188.23 […]
18/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.57; (P) 142.02; (R1) 142.61; More… USD/JPY is still extending consolidation from 140.95 and intraday bias remains neutral. Stronger recovery cannot be ruled out. But upside should be limited well below 146.58 resistance to bring another decline. On the downside, break of 140.94 will resume the fall from 151.89 to next fibonacci […]
02/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 155.24; (P) 156.10; (R1) 156.55; More… Range trading continues in EUR/JPY and intraday bias stays neutral. On the upside, above 158.55 will resume the corrective rebound from 153.15. On the downside, break of 153.15 will resume whole fall from 164.39 to 61.8% retracement of 139.05 to 164.29 at 148.69. In the bigger […]