EUR/JPY Daily Outlook

Daily Pivots: (S1) 0.8878; (P) 0.8936; (R1) 0.9033; More…. Intraday bias in USD/CHF remains on the upside at this point. Current rally from 0.8332 is in progress for 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062. On the downside, below 0.8922 minor support will turn intraday bias neutral again. But, outlook will […]

Daily Pivots: (S1) 0.6643; (P) 0.6666; (R1) 0.6684; More… AUD/USD’s fall from 0.6823 short term top is still in progress and intraday bias stays on the downside. Decisive break of 38.2% retracement of 0.6348 to 0.6823 at 0.6642 will target 61.8% retracement at 0.6529. On the upside, though, above 0.6766 resistance will bring retest of […]

EUR/GBP breached 0.8491 key support last week but quickly recovered. Initial bias stays neutral this week first. Further decline is expected as long as 55 D EMA (now at 0.8553) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 D EMA will turn bias […]