EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.82; (P) 166.19; (R1) 166.73; More… EUR/JPY’s break of 55 4H EMA (now at 166.14) suggests that pull back from 171.58 has completed at 164.01 already. Rebound from there is seen as the second leg of the corrective pattern. Intraday bias is back on the upside for 168.64 resistance. On the downside, […]

Daily Pivots: (S1) 0.8367; (P) 0.8390; (R1) 0.8403; More… EUR/GBP’s decline accelerates to as low as 0.8344 so far and intraday bias stays on the downside for 61.8% projection of 0.8624 to 0.8399 from 0.8463 at 0.8324. Firm break there will target 100% projection at 0.8237 next. On the upside, above 0.8385 minor resistance will […]

Daily Pivots: (S1) 0.9312; (P) 0.9346; (R1) 0.9366; More…. EUR/CHF’s fall from 0.9579 extends lower today. Intraday bias remains on the downside for retesting 0.9029 low. Firm break there will resume larger down trend. On the upside, above 0.9378 minor resistance will turn intraday bias neutral first. In the bigger picture, medium term corrective pattern […]