EUR/JPY Daily Outlook

Daily Pivots: (S1) 1.0906; (P) 1.0931; (R1) 1.0961; More…. No change in EUR/USD’s outlook and intraday bias stays on the downside. Sustained break of 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In this case, deeper decline would be […]

Daily Pivots: (S1) 0.8430; (P) 0.8447; (R1) 0.8464; More… Intraday bias in EUR/GBP stays neutral first and outlook remains bearish with 0.8482 support turned resistance intact. On the downside, below 0.8429 minor support will bring retest of 0.8396 low first. Further break there will resume larger down trend to 0.8376 projection level next. In the […]

GBP/USD edged higher to 1.2859 last week, but subsequent decline argues that rise from 1.2298 has completed already, on bearish divergence condition in 4H MACD. Initial bias remains on the downside this week for 1.2633 resistance turned support first. Firm break there will target 1.2445 and below. For now, risk will be on the downside […]