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Daily Pivots: (S1) 179.23; (P) 180.22; (R1) 182.10; More… GBP/JPY recovered after dipping to 178.32 and intraday bias is turned neutral first. Deeper decline is expected as long as 184.30 resistance holds. Break of 178.32 will resume the whole decline from 188.63. Sustained break of 178.02 will pave the way to 38.2% retracement of 148.93 […]

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EUR/JPY Daily Outlook

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25/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8389; (P) 0.8403; (R1) 0.8413; More…. Range trading continues in EUR/GBP and intraday bias stays neutral. 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 picture, down trend from 0.9267 […]
14/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2732; (P) 1.2770; (R1) 1.2802; More… Intraday bias in GBP/USD remains neutral at this point. Further is expected with 1.2687 support intact. Break of 1.2859 will target 1.2892 resistance. Decisive break there will strengthen the case that correction from 1.3141 has completed, and bring further rally to retest this high. However, firm […]
07/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.97; (P) 147.23; (R1) 147.57; More… USD/JPY’s decline accelerates to as low as 144.53 so far and there is no sign of bottoming yet. Intraday bias remains on the downside. Sustained trading below 145.06 will carry larger bearish implication and target 142.45 fibonacci level next. On the upside, break of 146.22 minor […]