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Daily Pivots: (S1) 1.0721; (P) 1.0735; (R1) 1.0760; More…. EUR/USD’s rebound from 1.0665 resumed by breaking 1.0775 minor resistance today. Current development suggests that pull back from 1.0915 has completed. Intraday bias is back on the upside for 1.0915 resistance next. For now, risk will stay on the upside as long as 1.0709 support holds, […]

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15/02/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8842; (P) 0.8864; (R1) 0.8880; More…. USD/CHF’s retreat from 0.8884 extends lower today and intraday bias remains neutral. Some more consolidative trading would be seen but downside should be contained by 0.8727 resistance turned support to bring another rally. On the upside, above 0.8884 will resume the rise from 0.8332 to 100% […]
24/08/2024

GBP/JPY Weekly Outlook

GBP/JPY stayed in sideway trading below 191.99 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, above 191.99 will target 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 187.84 support will […]
23/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.46; (P) 191.08; (R1) 191.84; More.. No change in GBP/JPY’s outlook. Intraday bias stays neutral as consolidations from 193.51 could extend further. On the upside, firm break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 190.02 will indicate that it’s at least correcting the […]