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GBP/JPY retreated sharply after edging higher to 195.95 last week and initial bias is neutral this week first. On the upside, above 195.95 temporary top will extend the corrective rebound from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. However, firm break of 190.11 will argue that this correction might have completed, […]

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22/06/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rally last week suggests that rise form 164.01 is resuming. Initial bias stays on the upside this week. Firm break of 170.87 will target 61.8% projection of 164.01 to 170.87 from 167.52 at 171.75. On the downside, below 169.31 minor support will dampen this bullish case and turn intraday bias neutral gain first. In […]
27/07/2024

GBP/USD Weekly Outlook

GBP/USD gyrated lower last week but failed to break through 1.2859 resistance turned support decisively. Initial bias remains neutral first. Further rally is in favor. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to the downside for deeper decline to 55 D EMA (now at 1.2771). […]
06/04/2024

EUR/GBP Weekly Outlook

EUR/GBP remains bounded in range last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, break […]