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Daily Pivots: (S1) 1.2912; (P) 1.2927; (R1) 1.2949; More… GBP/USD is extending consolidation from 1.3043 and intraday bias remains neutral. Downside should be contained by 1.2859 resistance turned support to bring another rally. 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 […]

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USD/JPY Mid-Day Outlook

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24/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.45; (P) 152.32; (R1) 153.64; More… Intraday bias in USD/JPY stays on the upside at this point. Decisive break of 61.8% retracement of 161.94 to 139.57 at 153.39 will extend the rally from 139.57 to retest 161.94 high. On the downside, below 151.18 minor support will turn intraday bias neutral first. But […]
18/09/2024

EURGBP Trades Within Tight Channel

EURGBP finds strong resistance at 50-day SMA Momentum oscillators hold below their mid-levels EURGBP is trading within a narrow range of 0.8420-0.8460 over the last couple of weeks, remaining capped by the flat 50-day simple moving average (SMA) around the 0.8460 resistance. Technically, the RSI indicator is pointing south marginally beneath the 50 level; however, […]
04/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8355; (P) 0.8399; (R1) 0.8429; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound fro 0.8294 short term bottom towards 0.8624 resistance instead. In […]