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Daily Pivots: (S1) 185.18; (P) 185.87; (R1) 186.68; More… Intraday bias in GBP/JPY remains neutral at this point. Price actions from 188.63 short term top is seen as a near term consolidation pattern for now. As long as 184.44 support holds, further rally is expected. Decisive break of 188.63 will resume larger up trend. However, […]

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12/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2529; (P) 1.2560; (R1) 1.2587; More… Intraday bias in GBP/USD is turned neutral with a temporary low formed at 1.2501. But further decline remains mildly in favor with 1.2611 minor resistance intact. Below 1.2501 will resume the fall from 1.2731 short term top to to 55 D EMA (now at 1.2450). Sustained […]
07/09/2024

EUR/AUD Weekly Outlook

EUR/AUD’s strong rebound and break of 1.6580 resistance last week suggests that corrective pullback from 1.7180 has completed at 1.6256 already. Initial bias is back on the upside for retesting 1.7180 resistance next. On the downside, below 1.6413 support will turn bias back to the downside for 1.6256 again. In the bigger picture, outlook is […]
04/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6681; (P) 0.6738; (R1) 0.6769; More… AUD/USD’s breach of 0.6696 support indicates that 0.6823 is already a short term top and deeper correction is underway. Intraday bias is now on the downside for 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though, […]