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GBP/USD’s rebound from 1.2099 short term bottom accelerated higher last week and there is no sign of topping yet. Initial bias stays on the upside for 55 D EMA (now at 1.2547) and above. Strong resistance could be seen from 38.2% retracement of 1.3433 to 1.2099 at 1.2609, to limit upside. However, sustained trading above […]

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01/11/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.39; (P) 152.49; (R1) 153.14; More… Intraday bias in USD/JPY remains neutral as consolidation from 153.87 is extending. Deeper retreat cannot be ruled out but further rally is expected as long as 55 D EMA (now at 148.95) holds. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will pave […]
23/01/2025

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.68; (P) 156.20; (R1) 157.04; More… Intraday bias in USD/JPY stays neutral for the moment, and some more sideway trading might be seen. On the downside, sustained trading below 55 D EMA (now at 154.73) will extend the correction from 158.86 to 38.2% retracement of 139.57 to 158.86 at 151.49 next. However, […]
14/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3453; (P) 1.3476; (R1) 1.3494; More… No change in USD/CAD’s outlook and intraday bias stays neutral. On the downside, break of 1.3419 and sustained trading below 1.3439 support will argue that rebound from 1.3176 has completed as a corrective move to 1.3605. Near term outlook will be turned bearish for 1.3357 support […]