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Daily Pivots: (S1) 159.58; (P) 160.28; (R1) 160.85; More… EUR/JPY’s retreat from 161.84 is extending and intraday bias remains neutral first. With 158.55 resistance turned support intact, further rally is in favor. On the upside, break of 161.84 will resume whole rise from 153.15 to 161.8% projection of 153.15 to 158.55 from 155.06 at 163.79, […]

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15/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2930; (P) 1.2960; (R1) 1.3019; More… Intraday bias in GBP/USD remains on the upside despite current retreat. Rise fro 1.2298 is in progress for 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, below 1.2898 minor support will turn […]
12/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.80; (P) 192.19; (R1) 192.81; More….. Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Consolidation from 193.51 is extending but further rally is expected as long as 190.02 support holds. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, […]
07/07/2024

GBP/USD Weekly Outlook

GBP/USD’s strong rebound last week suggests that corrective pullback from 1.2859 has completed at 1.2612 already. Initial bias remains on the upside this week for 1.2859 first. Firm break there will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. Decisive break there would prompt upside acceleration […]