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Daily Pivots: (S1) 1.2928; (P) 1.2958; (R1) 1.3007; More… Intraday bias in GBP/USD remains neutral for consolidations above 1.2906 temporary low. Below 1.2906 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm break 1.3070 resistance will indicate short term bottoming, […]

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25/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0821; (P) 1.0844; (R1) 1.0861; More….. Intraday bias in EUR/USD stays on the downside, and fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947, and target 1.0601/0665 support […]
14/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.58; (P) 148.94; (R1) 149.46; More… Intraday bias in USD/JPY remains neutral for consolidations below 149.58 temporary top. Further rally is expected as long as 145.91 support holds. Above 149.58 will resume the rise from 139.57 short term bottom to 61.8% retracement of 161.94 to 139.57 at 153.39. In the bigger picture, […]
11/01/2024

GBP/JPY Daily Outlook

Intraday bias in GBP/JPY remains on the upside at this point. Rebound from 178.32 is in progress for retesting 188.63 high. On the downside, break of 182.73 support is needed to indicate completion of the rebound. Otherwise, further rally will remain in favor in case of retreat. In the bigger picture, price actions from 188.63 […]