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GBP/USD edged higher to 1.2799 last week but turned sideway since then. Initial bias stays neutral this week and more range trading could be seen. Further rise is expected as long as 1.2670 support holds. Above 1.2799 will resume the rally from 1.2298 and target 1.2892 resistance. However, break of 1.2670 will indicate short term […]

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10/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0842; (P) 1.0863; (R1) 1.0879; More… EUR/USD’s break of 1.0790 support argues that rebound from 1.0723 has completed at 1.0884 already. Intraday bias is back on the downside of 1.0723 support. Break there will target 1.0694 support next. For now, risk will stay mildly on the downside as long as 1.0884 resistance […]
06/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8817; (P) 0.8843; (R1) 0.8860; More…. Range trading continues in USD/CHF and intraday bias remains neutral. Further rally is in favor as long as 0.8741 support holds. Break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias back to the […]
21/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.70; (P) 170.01; (R1) 170.40; More… EUR/JPY’s break of 170.12 resistance suggests that corrective fall from 170.87 has completed with three waves down to 167.52. Rise from 164.01 might be ready to resume. Intraday bias is back on the upside for 170.87 first. Firm break there will target 61.8% projection of 164.01 […]