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GBP/JPY’s rise from 180.00 resumed last week but formed a temporary top at 198.41. Initial bias remains neutral this week for consolidations first. Further rally is expected as long as 193.69 support holds. On the upside, sustained trading above 61.8% retracement of 208.09 to 180.00 at 197.35 will target 208.09 high next. In the bigger […]

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30/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.95; (P) 187.63; (R1) 188.13; More… Intraday bias in GBP/JPY remains neutral as consolidation from 188.90 is extending. Further rally is expected as long as 186.14 support holds. Break of 188.90, and sustained trading above 188.63, will confirm up trend resumption. Next target is 38.2% projection of 155.33 to 188.63 from 178.32 […]
09/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8587; (P) 0.8603; (R1) 0.8615; More… Intraday bias in EUR/GBP remains mildly on the upside for 0.8643 resistance. Firm break there will resume the choppy rebound from 0.8497 low. On the downside, below 0.8585 minor support will turn intraday bias neutral first. In the bigger picture, outlook remains bearish as EUR/GBP is […]
31/10/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2919; (P) 1.2981; (R1) 1.3025; More… GBP/USD is still bounded in consolidation above 1.2906 and intraday bias remains neutral. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm break […]