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Daily Pivots: (S1) 0.8413; (P) 0.8422; (R1) 0.8431; More…. Intraday bias in EUR/GBP is turned neutral again with 4H MACD crossed below signal line. While rebound from 0.8382 could extend higher, outlook will stay bearish as long as 0.8498 resistance holds. Larger down trend should resume through 0.8382 at a later stage. In the bigger […]

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11/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6464; (P) 0.6548; (R1) 0.6596; More… Intraday bias in AUD/USD remains on the downside for the moment. Decisive break of 0.6480 support will argue that is ready to resume through 0.6442. Next target will be 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. For now, risk will stay mildly on […]
15/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.12; (P) 196.59; (R1) 197.45; More… Intraday bias in GBP/JPY stays on the upside at this point. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53. Break of 197.40 will target 200.53 high. But upside should be limited there. On the downside, break of 194.74 minor […]
21/01/2024

USD/JPY Weekly Outlook

USD/JPY’s rise from 140.25 extended to as high as 148.79 last week, then retreated mildly. Initial bias remains neutral this week for some consolidations first. Current development argues that whole pull back from 151.89 has already completed. Further rise is in favor as long as 145.97 resistance turned support holds. Above 148.79 will target 151.89/93 […]