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Daily Pivots: (S1) 148.04; (P) 148.79; (R1) 149.33; More… Intraday bias in USD/JPY remains neutral for consolidation below 149.58 temporary top. Further rally is expected as long as 145.91 minor support holds. Rise from 139.57 is s seen as the second leg of the corrective pattern from 161.94. Break of 149.58 will target 61.8% retracement […]

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GBP/USD Mid-Day Outlook

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15/12/2024

GBP/JPY Weekly Outlook

GBP/JPY’s rebound from 188.07 extended higher last week and the development argues that corrective pattern from 188.07 is extending with another rising level. Initial bias is neutral this week for some consolidations below 194.98 temporary top. Above there will extend the rise to 199.79 resistance. However, break of 192.35 will turn bias back to the […]
10/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3049; (P) 1.3081; (R1) 1.3107; More… Outlook in GBP/USD is unchanged and intraday bias stays neutral. While corrective fall from 1.3433 might extend lower, strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias back […]
10/01/2024

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 182.94; (P) 183.45; (R1) 184.15; More… GBP/JPY’s strong rally today confirms resumption of rise from 178.32. More importantly, the decisive break of 184.15 resistance indicates that correction from 188.63 has completed already. Intraday bias is back on the upside for retesting 188.63 next. On the downside, break of 182.73 support is needed […]