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GBP/JPY’s rebound from 188.07 extended higher last week and the development argues that corrective pattern from 188.07 is extending with another rising level. Initial bias is neutral this week for some consolidations below 194.98 temporary top. Above there will extend the rise to 199.79 resistance. However, break of 192.35 will turn bias back to the […]

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EUR/GBP Weekly Outlook

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30/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0793; (P) 1.0831; (R1) 1.0860; More….. Intraday bias in EUR/USD remains on the downside for the moment. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should then be seen to 1.0601/0665 support zone next. […]
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 […]
24/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.63; (P) 154.76; (R1) 154.95; More… Intraday bias in USD/JPY stays mildly on the upside for further rally. However, considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the downside, break of 153.58 support will turn bias to […]