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EUR/USD retreated after edging higher to 1.1046 last week but stayed in range above 1.0880 support. Initial bias remains neutral this week for consolidations, and further rally is in favor. On the upside, firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance to 161.8% […]

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09/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8441; (P) 0.8450; (R1) 0.8462; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On the downside, break of 0.8493 support will suggest that […]
05/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2582; (P) 1.2654; (R1) 1.2703; More… GBP/USD is still bounded in range of 1.2590/2731 and intraday bias remains neutral. On the upside, decisive break of 1.2731 will resume the rally from 1.2036 for retesting 1.3141 high next. However, firm break of 1.2590 will confirm short term topping, and turn bias back to […]
20/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.32; (P) 191.24; (R1) 192.84; More….. GBP/JPY’s up trend resumed by breaking through 191.29 resistance and there is no sign of topping yet. Intraday bias remains on the upside for 61.8% projection of 178.32 to 191.29 from 187.94 at 195.95, which is close to 195.86 long term resistance. On the downside, below […]