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Daily Pivots: (S1) 1.2534; (P) 1.2585; (R1) 1.2669; More… Intraday bias in GBP/USD remains on the upside at this point. Sustained break of 1.2731 will confirm resumption of whole rally from 1.2036. Next target is 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. On the downside, below 1.2651 minor support will turn intraday […]

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EUR/USD Mid-Day Outlook

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25/03/2024

EUR/GBP Weekly Outlook

EUR/GBP’s break of 0.8577 resistance and 55 D EMA (now at 0.8562) last week suggest that rebound from 0.8497 is at least correcting the fall from 0.8764. Initial bias is now on the upside this week for 161.8% projection of 0.8497 to 0.8577 from 0.8503 at 0.8632. For, further rise will remain in favor as […]
11/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3591; (P) 1.3647; (R1) 1.3738; More… Intraday bias in USD/CAD remains on the upside for the moment. Firm break of channel resistance would prompt upside acceleration, and extend the rally from 1.3176 to 1.3897 resistance next. For now, further rally will remain in favor as long as 1.3554 support holds, in case […]
14/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.74; (P) 145.47; (R1) 146.19; More… USD/JPY’s decline from 151.89 resumed by breaking through 141.59 support. Intraday bias is back on the downside. Further fall should be seen to next fibonacci level at 136.63. On the upside, above 142.91 minor resistance will turn intraday bias neutral first. But recovery should be limited […]