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Daily Pivots: (S1) 1.3151; (P) 1.3208; (R1) 1.3249; More… GBP/USD is staying in consolidation below 1.3265 and intraday bias stays neutral. Downside of retreat should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 […]

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04/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3084; (P) 1.3119; (R1) 1.3150; More… No change in GBP/USD’s outlook as consolidation from 1.3265 is still in progress. Intraday bias remains neutral for the moment. While deeper retreat cannot be ruled out, downside should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will […]
18/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8424; (P) 0.8439; (R1) 0.8460; More… Intraday bias in EUR/GBP remains neutral and consolidation from 0.8399 could extend further. But upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. On the downside, break of 0.8417 minor support will turn bias to the downside for 0.8399 support, and then […]
10/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.57; (P) 156.33; (R1) 157.52; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, break of 157.70 will resume the whole rise from 151.86 and target 160.20 high. Nevertheless, break of 154.53 will turn bias to the downside for 151.86 support and possibly below, as the third leg […]