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Daily Pivots: (S1) 196.45; (P) 197.17; (R1) 197.85; More… Intraday bias in GBP/JPY stays neutral as consolidating from 199.79 is extending. Further rally is expected as long as 55 D EMA (now at 194.48) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA will […]

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11/10/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6714; (P) 0.6728; (R1) 0.6755; More… Intraday bias in AUD/USD remains neutral for the moment. Further decline is expected as long as 0.6809 minor resistance holds. Below 0.6701 will resume the fall from 0.6941 short term top. Sustained trading below 55 D EMA (now at 0.6744) should confirm rejection by 0.6941 fibonacci […]
27/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.80; (P) 190.30; (R1) 191.08; More… GBP/JPY is still bounded in range trading below 191.99 and intraday bias remains neutral at this point. 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, […]
20/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3188; (P) 1.3251; (R1) 1.3349; More… Intraday bias in GBP/USD remains on the upside for 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371. Firm break there will pave the way to 100% projection at 1.3601 next. On the downside, below 1.3219 minor support will turn intraday bias neutral and bring […]