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Daily Pivots: (S1) 196.27; (P) 196.82; (R1) 197.70; More.. GBP/JPY is extending consolidation from 200.53 and intraday bias remains neutral. Outlook will remain bullish as long as 193.51 resistance turned support holds. Firm break of 200.53 will resume larger up trend. In the bigger picture, current rally is part of the up trend from 123.94 […]

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27/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8668; (P) 0.8677; (R1) 0.8687; More… Intraday bias in EUR/GBP stays on the upside despite some loss of upside momentum. Current rebound from 0.8548 would target 0.8764 key resistance next. EUR/GBP’s rebound from 0.8548 is still in progress and intraday bias remains on the upside. Further rise should be seen to 0.8764 […]
15/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9105; (P) 0.9126; (R1) 0.9164; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.9146 might extend. Further rally is expected as long as 0.8996 support holds. Above 0.9146 will target 161.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.9268. In the bigger picture, price actions from 0.8332 medium term […]
15/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 203.83; (P) 205.09; (R1) 206.33; More… GBP/JPY’s correction from 208.09 short term top could extend lower. Below 203.82 will target 38.2% retracement of 191.34 to 208.09 at 201.69. Strong support is expected there to bring rebound, to set the range of consolidations below 208.09. However, sustained break of 201.69 will argue that […]