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Daily Pivots: (S1) 1.2713; (P) 1.2732; (R1) 1.2759; More… Sideway trading continues in GBP/USD and intraday bias stays neutral. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at 1.2658) and below. Nevertheless, break of 1.2816 will resume the rise […]

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06/04/2024

EUR/JPY Weekly Outlook

EUR/JPY rebounded after initial dip to 162.59 but failed to break through 165.33 resistance. Initial bias remains neutral this week first and more range trading could be seen. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. On the downside, though, break of 162.59 will turn bias […]
09/12/2023

GBP/USD Weekly Outlook

GBP/USD’s decline last week suggests that a short term top was already formed at 1.2731. Initial bias remains on the downside this week for 55 D EMA (now at 1.2441). Sustained break there will bring retest of 1.2036 low. On the upside, above 1.2611 minor resistance will turn intraday bias neutral first. In the bigger […]
13/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6360; (P) 1.6417; (R1) 1.6511; More… Intraday bias in EUR/AUD remains neutral as consolidation from 1.6267 is extending. Outlook will stay bearish as long as 1.6515 resistance holds. On the downside, break of 1.6267 will resume the whole decline from 1.7062 to 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 […]