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Daily Pivots: (S1) 189.90; (P) 190.63; (R1) 191.08; More….. Intraday bias in GBP/JPY is mildly on the downside as fall from 193.51 short term top extends. Deeper decline would be seen towards 187.94 structural support. On the upside, break of 191.65 minor resistance will turn bias back to the upside for retesting 193.51. In the […]

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11/07/2024

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 206.68; (P) 207.25; (R1) 208.34; More… GBP/JPY’s steep decline and strong break of 206.12 support suggest that a short term top is formed at 208.09, on bearish divergence condition in 4H MACD. While deeper decline cannot be ruled out, downside should be contained by 38.2% retracement of 191.34 to 208.09 at 201.69 […]
14/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.83; (P) 168.24; (R1) 168.98; More… Intraday bias in EUR/JPY stays on the upside at this point. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58. Firm break of 168.64 will target 171.58 high. On the downside, below 167.49 minor support will turn intraday bias neutral […]
24/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8550; (P) 0.8568; (R1) 0.8580; More… Intraday bias in EUR/GBP remains neutral, and further decline is expected as long as 0.8619 resistance holds. On the downside, decisive break of 0.8548 will indicate that larger down trend is ready to resume through 0.8491 low. However, break of 0.8619 will dampen this bearish view […]