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Daily Pivots: (S1) 190.32; (P) 191.24; (R1) 192.84; More….. GBP/JPY’s up trend resumed by breaking through 191.29 resistance and there is no sign of topping yet. Intraday bias remains on the upside for 61.8% projection of 178.32 to 191.29 from 187.94 at 195.95, which is close to 195.86 long term resistance. On the downside, below […]

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26/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9104; (P) 0.9137; (R1) 0.9155; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, firm break of 0.9151 will resume the rally from 0.8332 and should target 0.9243 key resistance next. On the downside, break of 0.9085 will turn bias to the downside for deeper pullback. In the […]
03/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2638; (P) 1.2663; (R1) 1.2710; More… GBP/USD’s rebound from 1.2612 resumes today and the break of 1.2705 resistance suggests that pull back from 1.2859 has completed. More importantly, rise from 1.2298 is not over. Intraday bias is back on the upside for retesting 1.2859 high first. For now, risk will stay on […]
09/03/2024

GBP/JPY Weekly Outlook

GBP/JPY fell to 188.22 last week but turned sideway since then. Initial bias remains neutral this week first. On the downside, below 188.22 will resume the decline from 191.29 to 38.2% retracement of 178.32 to 191.29 at 186.33. Sustained break there will raise the chance of larger scale correction and target 61.8% retracement at 183.27. […]