GBP/JPY Daily Outlook

Daily Pivots: (S1) 0.8839; (P) 0.8859; (R1) 0.8898; More… Intraday bias in USD/CHF is turned neutral first with current recovery and break of 0.8884 minor resistance. Some consolidations would be seen above 0.8819 temporary low. But further decline is expected as long as 0.9049 resistance holds. Break of 0.8819 will resume the fall from 0.9223 […]

Daily Pivots: (S1) 0.9480; (P) 0.9522; (R1) 0.9549; More…. Intraday bias in EUR/CHF remains on the downside for the moment. Current fall form 0.9928 should target 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320. On the upside, above 0.9519 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another […]

EUR/AUD dipped to 1.6412 last week but recovered since then. Initial bias remains neutral this week first. On the downside, break of 1.6412 and sustained trading below 1.6439 support will argue that whole rebound from 1.6127 has completed, and turn near term outlook bearish for this support again. Nevertheless, strong rebound from current level, followed […]