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Daily Pivots: (S1) 184.88; (P) 185.54; (R1) 186.01; More… GBP/JPY is still staying in range of 184.44/188.63 and intraday bias remains neutral first. As long as 184.44 support holds, further rally is expected. Decisive break of 188.63 will resume larger up trend. However, firm break of 184.44 will turn bias to the downside for deeper […]

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EUR/JPY Daily Outlook

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06/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0851; (P) 1.0872; (R1) 1.0889; More… Range trading continues in EUR/USD and intraday bias stays neutral at this point. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, firm break […]
27/01/2024

GBP/USD Weekly Outlook

GBP/USD stayed in consolidation from 1.2826 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further rise should be seen through 1.2826 to resume the rally from 1.2036. Next target will be 1.3141 high. On the […]
08/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 178.41; (P) 181.75; (R1) 184.88; More… GBP/JPY’s fall from 188.63 extended to as low as 178.58, and breached 23.6% retracement of 148.93 to 188.63 at 179.26 briefly. There is no sign of bottoming yet and intraday bias stays on the downside. Sustained trading below 179.26 will pave the way to 38.2% retracement […]