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Daily Pivots: (S1) 194.07; (P) 194.66; (R1) 195.47; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. On the downside, break of 189.54 will turn bias back to the downside for 183.70 […]

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26/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.14; (P) 197.55; (R1) 199.22; More… A temporary low should be formed at 195.84 and intraday bias in GBP/JPY is turned neutral for consolidations. Risk will stay on the downside as long as 202.08 support turned resistance holds. Sustained trading below 38.2% retracement of 178.32 to 208.09 at 196.71 will argue that […]
12/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2516; (P) 1.2548; (R1) 1.2584; More… GBP/USD’s fall continues to as low as 1.2452 so far. Intraday bias stays on the downside for 100% projection of 1.2892 to 1.2538 from 1.2708 at 1.2354 next. On the upside, above 1.2538 support turned resistance will turn intraday bias neutral and bring consolidations, because staging […]
05/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.14; (P) 165.55; (R1) 165.89; More…. EUR/JPY is staying in consolidations below 166.67 and intraday bias remains neutral. Further rally is expected as long as 164.25 minor support holds. Sustained break of 61.8% retracement of 175.41 to 154.40 at 167.38 will pave the way to retest 175.41 high. However, considering bearish divergence […]