USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 1.6502; (P) 1.6560; (R1) 1.6648; More… Intraday bias in EUR/AUD stays mildly on the upside at this point. Rise from 1.6368 would target 1.6677 resistance next. Break there will confirm that correction from 1.6742 has completed, and bring further rally through this high. On the downside, though, below 1.6511 minor support will […]

Daily Pivots: (S1) 0.6615; (P) 0.6658; (R1) 0.6686; More… Intraday bias in AUD/USD as fall from 0.6798 continues to accelerate lower. Sustained trading below 38.2% retracement of 0.6361 to 0.6798 at 0.6631 will raise the chance of near term bearish reversal. Next target will be 61.8% retracement at 0.6528. On the upside, above 0.6679 minor […]

Daily Pivots: (S1) 0.8507; (P) 0.8523; (R1) 0.8534; More…. Intraday bias in EUR/GBP remains on the downside at this point. Correction from 0.8624 is in progress for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen there to bring […]