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Daily Pivots: (S1) 1.2940; (P) 1.2971; (R1) 1.3001; More… Intraday bias in GBP/USD remains neutral as consolidations continues above 1.2906 temporary low. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm break […]

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17/08/2024

USD/CHF Weekly Outlook

USD/CHF’s rebound from 0.8431 extended to 0.8747 last week, but failed to sustain above 38.2% retracement of 0.9223 to 0.8431 at 0.8734 and retreated. Initial bias remains neutral this week first. On the upside, sustained break of 0.8734 will extend to 61.8% retracement at 0.8920, even as a corrective move. On the downside, break of […]
04/12/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8282; (P) 0.8298; (R1) 0.8308; More… Intraday bias in EUR/GBP remains neutral as range trading continues. Further decline is expected with 0.8446 resistance intact. On the downside, decisive break of 0.8259 will resume larger down trend to 0.8201 key support. In the bigger picture, down trend from 0.9267 (2022 high) is in […]
25/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.20; (P) 160.15; (R1) 161.07; More…. Intraday bias in EUR/JPY remains neutral and some consolidations could be seen below 161.17 temporary top. But further rally is expected as long as 155.14 support holds. Above 161.17 will resume the rise from 155.14, as the third leg of the corrective pattern from 154.40, to […]