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Daily Pivots: (S1) 1.2567; (P) 1.2663; (R1) 1.2716; More… Intraday bias in GBP/USD stays neutral first with 1.2611 support intact. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back to the downside for 1.2499 support. In the bigger picture, […]

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07/01/2024

GBP/JPY Weekly Outlook

Immediate focus is now on 184.15 in GBP/JPY after last week’s strong rebound. Sustained break there will argue that whole pull back from 188.63 has completed and bring further rally to retest this high. Nevertheless, rejection by 184.15 will retain near term bearishness for another fall through 178.32 later. In the bigger picture, price actions […]
01/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9128; (P) 0.9162; (R1) 0.9231; More…. Intraday bias in USD/CHF remains on the upside for 0.9243 resistance. Decisive break there will carry larger bullish implications. Next target will be 61.8% projection of 0.8728 to 0.9151 from 0.9009 at 0.9270. For now, near term outlook will stay bullish as long as 0.9087 support […]
13/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.57; (P) 156.95; (R1) 157.41; More.. Intraday bias in EUR/JPY remains neutral for the moment. While rebound from 153.15 could extend higher, upside should be limited below 158.36 minor resistance to bring another fall. On the downside, below 155.98 will turn bias to the downside for retesting 153.15. In the bigger picture, […]