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Daily Pivots: (S1) 197.03; (P) 197.75; (R1) 198.57; More… Range trading continues in GBP/JPY and intraday bias stays neutral for the moment. Further rally is expected as long as 55 D EMA (now at 194.99) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA […]

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22/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9032; (P) 0.9084; (R1) 0.9156; More…. USD/CHF is extending the consolidation pattern from 0.9151 and intraday bias stays neutral. Further rally is expected as long as 0.8996 support holds. Break of 0.9151 will resume the larger rise from 0.8332 to 0.9243 resistance. However, firm break of 0.8996 will turn bias to the […]
16/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 204.32; (P) 204.86; (R1) 205.57; More… Intraday bias in GBP/JPY is turned neutral first. Corrective fall from 208.09 short term top could still extend lower. Break of 203.82 would target 38.2% retracement of 191.34 to 208.09 at 201.69. Strong support is expected there to bring rebound. On the upside, above 206.35 minor […]
26/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.54; (P) 191.15; (R1) 191.94; More….. GBP/JPY is extending consolidation below 193.51 and intraday bias remains neutral. Outlook will stay bullish as long as 187.94 support holds. On the upside, break of 193.51 will resume larger up trend to 61.8% projection of 178.32 to 191.29 from 187.94 at 195.95, which is close […]