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Daily Pivots: (S1) 168.50; (P) 168.86; (R1) 169.42; More… Range trading continues in EUR/JPY and intraday bias stays neutral. On the downside, break of 168.01 support will strengthen the case that rise from 164.31 has completed at 170.78 already. Intraday bias will be back on the downside for 167.31 support, and then 164.01. Nevertheless, break […]

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29/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 200.29; (P) 200.47; (R1) 200.79; More… Intraday bias in GBP/JPY remains on the upside for the moment. Sustained break of 200.53 will confirm larger up trend resumption. Next target is 138.2% projection of 191.34 to 180.07 from 195.02 at 202.93. On the downside, below 198.25 minor support will turn intraday bias back […]
20/04/2024

EUR/USD Weekly Outlook

EUR/USD edged lower to 1.0601 last week but turned sideway since then. Initial bias remains neutral this week for consolidations. Upside should be limited by 1.0723 support turned resistance. Break of 1.0601 will resume the fall from 1.1138t o 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. In the bigger picture, price […]
07/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2766; (P) 1.2788; (R1) 1.2812; More….. Intraday bias in GBP/USD remains neutral as range trading continues. As long as 1.2693 support holds, further rally is in favor. Above 1.2816 will resume the rally from 1.2298 to 1.2892 resistance next. On the downside, break of 1.2693 minor support will turn intraday bias to […]