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GBP/JPY’s up trend resumed last week and surged to 193.51, but retreated notably since then. Initial bias remains neutral this week for more corrective trading. Nevertheless, outlook will stay bullish as long as 187.94 support holds. On the upside, break of 193.51 will resume larger up trend to 61.8% projection of 178.32 to 191.29 from […]

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GBP/JPY Daily Outlook

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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 […]
19/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0857; (P) 1.0870; (R1) 1.0896; More… Intraday bias in EUR/USD remains neutral first and outlook stays bearish with 1.0995 resistance intact. break of 1.0843 will resume the fall from 1.1138 to 1.0722 support. Sustained break there will argue that whole rise from 1.0447 has completed, and target this low. In the bigger […]
04/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3323; (P) 1.3348; (R1) 1.3377; More… USSD/CAD’s rebound from 1.3176 short term bottom is still in progress. Intraday bias stays on the upside for 38.2% retracement of 1.3897 to 1.3176 at 1.3451. On the downside, break of 1.3264 minor support will turn bias back to the downside for retesting 1.3176 low instead. […]