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GBP/JPY’s stronger than expected rebound and break of 55 D EMA last week argues that fall from 198.84 has completed at 189.31. Initial bias remains on the upside this week for 198.94 resistance, as corrective pattern from 180.00 extends with another rising leg. On the downside, below 192.05 minor support will turn intraday bias neutral […]

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19/11/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8811; (P) 0.8850; (R1) 0.8871; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.8916 is still extending. Outlook remains bullish as long as 0.8773 resistance turned support holds. On the upside, break of 0.8916 and sustained trading above 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the way […]
27/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.56; (P) 180.93; (R1) 181.54; More… Range trading continues in GBP/JPY and intraday bias remains neutral for the moment. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive […]
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USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3465; (P) 1.3542; (R1) 1.3586; More… USD/CAD’s fall from 1.3946 continues today and intraday bias stays on the downside for 1.3477 support. Firm break there will target 1.3091/3176 support zone. On the upside, above 1.3570 support turned resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In […]