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Range trading continued in GBP/JPY last week and outlook is unchanged. Initial bias remains neutral this week and consolidations from 193.51 could extend. On the upside, firm break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 190.02 will indicate that it’s at least correcting the rise from […]

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25/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9563; (P) 0.9620; (R1) 0.9652; More…. EUR/CHF’s fall from 0.9772 continues today and intraday bias stays on the downside. With 61.8% retracement of 0.9476 to 0.9772 at 0.9589 broken, next target is 0.9476 low. Firm break there will resume whole fall from 0.9928 to 100% projection of 0.9928 to 0.94767 from 0.9772 […]
30/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6454; (P) 1.6484; (R1) 1.6536; More… Intraday bias in EUR/AUD remains neutral at this point. Further rally is expected as long as 1.6398 support holds. Corrective fall from 1.7062 should have completed with three waves down to 1.6127 already. Above 1.6671 will target 1.6844 resistance to confirm this bullish case. However, break […]
18/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3709; (P) 1.3736; (R1) 1.3752; More… Intraday bias in USD/CAD stays neutral as range trading continues. Corrective fall from 1.3845 should have completed already. Further rally is expected as long as 1.3662 support holds. Break of 1.3790 will target a retest on 1.3845 first. Nevertheless, break of 1.3662 will turn bias to […]