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Daily Pivots: (S1) 154.76; (P) 155.22; (R1) 155.96; More… Intraday bias in USD/JPY stays on the upside for the moment. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On the downside, below 154.23 minor support will turn intraday bias […]

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17/08/2024

GBP/JPY Weekly Outlook

GBP/JPY’s rebound from 180.00 extended to 191.99 last week before forming a temporary top there. Initial bias this week is turned neutral for consolidations first. Above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, break of 187.84 minor […]
29/06/2024

EUR/GBP Weekly Outlook

EUR/GBP’s recovery from 0.8396 continued last week but upside remains capped below by 0.8482 support turned resistance. Initial bias stays neutral this week and outlook remains bearish bearish. On the downside, below 0.8430 support will turn bias back to the downside for 0.8396 support first. Firm break there will resume larger down trend to 0.8376 […]
06/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2719; (P) 1.2769; (R1) 1.2829; More… GBP/USD’s fall from 1.3043 resumed by breaking 1.2706 temporary low and intraday bias is back on the downside for 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and target this support next. For now, risk will remain on the downside as […]