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GBP/USD’s fall from 1.3433 extended to as low as 1.2906 last week, but formed a temporary low there and recovered. Initial bias remains neutral this week for consolidations. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence […]

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26/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1130; (P) 1.1165; (R1) 1.1229; More…. Intraday bias in EUR/USD Is turned neutral first with current retreat and some consolidations would be seen. Downside of retreat should be contained above 1.0007 resistance turned support to bring another rally. Above 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from […]
03/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.60; (P) 200.06; (R1) 200.88; More…. Intraday bias in GBP/JPY remains neutral for the moment. Further rally is expected as long as 198.73 support holds. Firm break of 200.72 will confirm larger up trend resumption. Next target is 61.8% projection of 195.02 to 200.72 from 198.73 at 202.25. In the bigger picture, […]
25/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8302; (P) 0.8345; (R1) 0.8366; More… Intraday bias in EUR/GBP is turned neutral as it recovered after hitting 61.8% projection of 0.8624 to 0.8399 from 0.8463 at 0.8324. Some consolidations would be seen first, but outlook will remain bearish as long as 0.8399 support turned resistance holds. On the downside, below 0.8316 […]