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Daily Pivots: (S1) 1.2704; (P) 1.2724; (R1) 1.2762; More… Intraday bias in GBP/USD remains neutral as range trading is still in progress. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from […]

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EUR/USD Daily Outlook

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01/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8460; (P) 0.8471; (R1) 0.8484; More… EUR/GBP’s break of 0.8482 support turned resistance indicates short term bottoming a 0.8396. Intraday bias is back on the upside. Break of 55 D EMA (now at 0.8505) will target 0.8529 support turned resistance. on the downside, break of 0.8493 support will bring retest of 0.8396 […]
30/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.95; (P) 187.63; (R1) 188.13; More… Intraday bias in GBP/JPY remains neutral as consolidation from 188.90 is extending. Further rally is expected as long as 186.14 support holds. Break of 188.90, and sustained trading above 188.63, will confirm up trend resumption. Next target is 38.2% projection of 155.33 to 188.63 from 178.32 […]
01/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.45; (P) 168.02; (R1) 168.82; More… EUR/JPY is extending consolidation from 171.58 short term top and intraday bias remains neutral. Overall outlook will remain bullish as long as 165.33 resistance turned support holds. Above 171.58 will resume larger up trend to 178.39 projection level next. In the bigger picture, current rally is […]