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Daily Pivots: (S1) 188.21; (P) 188.54; (R1) 188.84; More… Intraday bias in GBP/JPY remains on the upside at this point. Decisive break of 188.90 resistance will confirm larger up trend resumption. Next near term target will be 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. For now, near term outlook will stay bullish […]

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22/12/2024

EUR/GBP Weekly Outlook

EUR/GBP rebounded ahead of 0.8201 key support again last week but upside was limited below 0.8326 resistance. Initial bias is neutral this week first. On the upside, break of 0.8326 resistance will indicate short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be turned back to the upside for 0.8446 structural […]
30/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3824; (P) 1.3845; (R1) 1.3872; More… USD/CAD’s breach of 1.3858 suggests that rise from 1.3176 is resuming. Intraday bias is back on the upside. Next target is 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025. On the downside, below 1.3796 minor support will delay the bullish case and turn intraday […]
25/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.01; (P) 160.54; (R1) 161.10; More… Intraday bias in EUR/JPY stays neutral as consolidation from 161.84 is still in progress. Further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 161.84 will resume whole rally from 153.15 to 161.8% projection of 153.15 to 158.55 from […]