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EUR/GBP’s decline from 0.9324 extended lower last week and breached 61.8% retracement of 0.8472 to 0.9324 at 0.8797. Initial bias remains on the downside this week. Sustained trading below 0.8797 will pave the way to 0.8472 key support next. On the upside, though, above 0.8894 will indicate short term bottoming, and turn bias to the…

EUR/JPY stayed in consolidation last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 117.55 minor support will suggest completion of rebound from 115.86. Intraday bias will be turned back to the downside for retesting this low. On the upside, break of 120.10 will target 61.8% retracement…

USD/JPY edged higher to 108.47 last week but retreated on loss of momentum. Initial bias is neutral this week first. On the downside, break of 107.45 minor support will suggest completion of rebound from 104.45. Intraday bias will be turned back to the downside for 106.68 support for confirmation. On the upside, in case of…

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