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GBP/USD’s strong break of 1.2859 resistance last week confirmed resumption of rally from 1.2298. Initial bias stays on the upside this week. Next target is 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, below 1.2898 minor support will turn bias neutral […]

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14/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6460; (P) 1.6512; (R1) 1.6547; More… No change in EUR/AUD’s outlook as sideway trading continues. Intraday bias stays neutral at this point. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen […]
21/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.21; (P) 164.79; (R1) 165.77; More… Intraday bias in EUR/JPY remains on the upside for the moment. Current rally should target 61.8% projection of 153.15 to 163.70 from 160.20 at 166.71. On the downside, Below 163.81 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally. In […]
10/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.73; (P) 144.17; (R1) 144.93; More… Intraday bias in USD/JPY remains neutral as range trading continues. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, below 143.17 minor support will turn bias back […]