EUR/JPY Daily Outlook

Daily Pivots: (S1) 0.6692; (P) 0.6720; (R1) 0.6755; More… Intraday bias in AUD/USD is turned neutral first with current recovery. On the downside, below 0.6685 will extend the decline from 0.6823 short term top to 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though, above […]

Daily Pivots: (S1) 0.6762; (P) 0.6788; (R1) 0.6810; More… Intraday bias in AUD/USD stays on the upside at this point, despite some loss of momentum. Current rally should target 0.6870 resistance. Firm break there will target 100% projection of 0.6269 to 0.6870 from 0.6348 at 0.6949. Near term outlook will stay bullish as long as […]

EUR/USD retreated after edging higher to 1.1046 last week but stayed in range above 1.0880 support. Initial bias remains neutral this week for consolidations, and further rally is in favor. On the upside, firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance to 161.8% […]