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USD/JPY’s strong rebound last week confirms short term bottoming at 140.25, on bullish convergence condition in 4H MACD. Nevertheless, price actions from there are likely just correcting the fall from 151.89. While further rally cannot be ruled out, upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, below […]

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GBP/USD Weekly Outlook

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14/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 179.30; (P) 181.22; (R1) 182.25; More… GBP/JPY’s breach of 178.58 support indicates resumption of whole fall from 188.63. Intraday bias is back on the downside. Break of 178.02 support will pave the way to 38.2% retracement of 148.93 to 188.63 at 173.46. For now, risk will stay on the downside as long […]
17/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3713; (P) 1.3747; (R1) 1.3766; More… Range trading continues in USD/CAD and intraday bias stays neutral. Corrective fall from 1.3845 should have completed already. Further rally is expected as long as 1.3662 support holds. Break of 1.3790 will target a retest on 1.3845 first. Nevertheless, break of 1.3662 will turn bias to […]
15/02/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.87; (P) 189.48; (R1) 190.50; More… Intraday bias in GBP/JPY remains on the upside for the moment. Next near term target is 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. On the downside, below 187.83 minor support will turn intraday bias neutral and bring consolidations first. But outlook will stay […]