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Daily Pivots: (S1) 190.24; (P) 190.85; (R1) 191.33; More… GBP/JPY is still bounded in consolidation below 191.99 and intraday bias remains neutral for the moment. 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 […]

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23/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6590; (P) 0.6637; (R1) 0.6667; More… Intraday bias in AUD/USD remains neutral first and more consolidations could be seen below 0.6713. Further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 has probably completed with three waves down to 0.6361 already. Above 0.6713 will target 0.6870 […]
15/02/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8786; (P) 0.8833; (R1) 0.8919; More…. USD/CHF’s rally from 0.8332 is still in progress, and intraday bias stays on the upside. Next target is 100% projection of 0.8332 to 0.8727 from 0.8550 at 0.8954. Firm break there will pave the way to 161.8% projection at 0.9189. On the downside, below 0.8816 minor […]
09/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.63; (P) 191.92; (R1) 192.45; More….. Intraday bias in GBP/JPY stays neutral as consolidations continue below 193.51. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, break of 190.02 will turn bias to the downside for 187.94 support instead. In the […]