EUR/JPY Daily Outlook

Daily Pivots: (S1) 0.8606; (P) 0.8623; (R1) 0.8638; More… USD/CHF’s rise from 0.8374 is in progress and intraday bias stays on the upside for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should be seen to 61.8% retracement […]

Daily Pivots: (S1) 0.6672; (P) 0.6693; (R1) 0.6707; More… Intraday bias in AUD/USD remains on the downside. Fall from 0.6798 short term top is in progress for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong support would be seen there to bring rebound. On the upside, above 0.6714 minor resistance will turn bias back […]

Daily Pivots: (S1) 0.9483; (P) 0.9499; (R1) 0.9520; More…. Intraday bias in EUR/CHF stays on the downside as fall from 0.9928 is in progress. Sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down trend resumption, and target 0.9252 low next. On the upside, above 0.9566 […]