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Daily Pivots: (S1) 186.40; (P) 187.27; (R1) 188.65; More… Intraday bias in GBP/JPY remains on the upside for retesting 188.63 high. Firm break there will confirm larger up trend resumption. On the downside, below 186.33 minor support will turn intraday bias neutral and bring consolidations first. But further rally is expected as long as 184.15 […]

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11/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.86; (P) 142.79; (R1) 143.37; More… Intraday bias in USD/JPY stays on the downside for the moment. Deeper decline would be seen to 140.25 support, and possibly further to 139.26 fibonacci level too. On the upside, above 143.70 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as […]
03/03/2024

GBP/JPY Weekly Outlook

GBP/JPY retreated to 189.02 last week but recovered since then. Initial bias is turned neutral this week first. Risk is mildly on the downside as long as 191.29 resistance holds. Firm break of 188.90 resistance turned support will bring deeper fall to 38.2% retracement of 178.32 to 191.29 at 186.33, as a correction to rise […]
09/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8421; (P) 0.8434; (R1) 0.8456; More… Intraday bias in EUR/GBP remains neutral and further decline is expected with 0.8466 resistance intact. On the downside, below 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there will resume larger down trend. In the bigger picture, as long as 0.8624 […]