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Daily Pivots: (S1) 1.2490; (P) 1.2517; (R1) 1.2563; More… GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2568 resistance and intraday bias is back on the upside. Strong break of 55 D EMA suggest that fall from 1.2892 has completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% […]

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USD/CAD Weekly Outlook

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17/12/2023

USD/JPY Weekly Outlook

Despite much volatility last week, USD/JPY’s fall from 151.89 is still in progress. But as a temporary low was formed at 140.94, initial bias is neutral this week first for consolidations. Upside should be limited well below 146.58 resistance to bring another decline. Break of 140.94 will target next fibonacci level at 136.63. In the […]
12/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.80; (P) 192.19; (R1) 192.81; More….. Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Consolidation from 193.51 is extending but further rally is expected as long as 190.02 support holds. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, […]
06/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.41; (P) 159.07; (R1) 159.55; More.. Intraday bias in EUR/JPY remains on the downside at this point. Current fall from 164.29 should target 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). On the upside, above 159.70 minor resistance will turn intraday bias neutral and bring consolidations first, before staging […]