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Daily Pivots: (S1) 152.12; (P) 152.61; (R1) 153.42; More… Range trading continues in USD/JPYO and intraday bias stays neutral. Another rise is expected with 151.44 support intact. Sustained trading above of 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. However, considering bearish divergence condition in 4H MACD, […]

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06/11/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3796; (P) 1.3851; (R1) 1.3880; More… USD/CAD rebounded stronger after dipping to 1.3822, but stays below 1.3958. Intraday bias remains neutral first. In case of another fall as consolidation from 1.3958 extends, downside should be contained by 55 D EMA (now at 1.3723). On the upside, decisive break of 1.3976 will resume […]
10/08/2024

GBP/JPY Weekly Outlook

GBP/JPY rebounded after initial dive to 180.00 last week. While further rise cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 208.09 to 180.00 at 190.73 holds. On the downside, below 184.46 minor support will turn intraday bias back to the downside for retesting 180.00 low. Break there will resume […]
16/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3109; (P) 1.3133; (R1) 1.3152; More… GBP/USD’s rebound from 1.3000 extends higher today but stays below 1.3265 resistance. Intraday bias remains neutral first. On the upside, decisive break of 1.3265 will resume larger rally 1.3364 projection level next. On the downside, below, 1.3177 minor support will turn bias to the downside, to […]