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GBP/JPY stayed in range below 199.79 last week and outlook is unchanged. Initial bias remains neutral this week for more consolidations. Further rally is expected as long as 55 D EMA (now at 194.79) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA will […]

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10/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8586; (P) 0.8597; (R1) 0.8612; More… Intraday bias in EUR/GBP is turned neutral with current recovery, but further decline is in favor with 0.8638 minor resistance intact. On the downside, break of 0.8585 will resume the fall from 0.8713 to 0.8548 support first. Break there will target 0.8491 low next. However, break […]
24/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2884; (P) 1.2911; (R1) 1.2935; More… Range trading continues in GBP/USD and intraday bias stays neutral. Further rally is expected for with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above […]
25/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3358; (P) 1.3387; (R1) 1.3442; More… Intraday bias in GBP/USD remains on the upside with 1.3331 minor support intact. Current rally should target 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. On the downside, below 1.3331 minor support will turn intraday bias neutral and bring consolidations first, before staging […]