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Daily Pivots: (S1) 197.60; (P) 198.16; (R1) 199.10; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. As noted before, corrective pattern from 180.00 is extending with another rising leg. Further rise is expected as long as 194.04 support holds. On the upside, above 1999.79 will will target channel resistance (now at 203.63). […]

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10/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2678; (P) 1.2722; (R1) 1.2753; More… GBP/USD is staying in sideway trading below 1.2826 and intraday bias remains neutral at this point. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, […]
11/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 154.54; (P) 155.32; (R1) 156.76; More.. EUR/JPY’s recovery from 153.15 extends higher today but outlook is unchanged. Upside should be limited below 158.36 minor resistance to bring another fall. On the downside, below 155.98 will turn bias to the downside for retesting 153.15. Break of 153.15 and sustained trading below 38.2% retracement […]
10/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3544; (P) 1.3561; (R1) 1.3575; More… USD/CAD is extending consolidation form 1.3439 and intraday bias remains neutral. While stronger recovery cannot be ruled out, further decline will remain in favor as long as 1.3617 resistance holds. On the downside, break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 […]