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Daily Pivots: (S1) 201.30; (P) 202.53; (R1) 203.20; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen. With 201.24 resistance turned support intact, further rally is still in favor. Break of 205.30 will target 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. However, firm break of 201.24 will confirm […]

The post GBP/JPY Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 201.30; (P) 202.53; (R1) 203.20; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen. With 201.24 resistance turned support intact, further rally is still in favor. Break of 205.30 will target 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. However, firm break of 201.24 will confirm […]

The post GBP/JPY Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 175.20; (P) 176.21; (R1) 176.74; More… Intraday bias in EUR/JPY remains neutral for the moment and some consolidations could be seen. Further rise is expected as long as 175.03 resistance turned support holds. On the upside, break of 177.91 will target 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 next. […]

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Daily Pivots: (S1) 0.8681; (P) 0.8703; (R1) 0.8722; More… Intraday bias in EUR/GBP is mildly on the upside for retesting 0.8750. Firm break there will resume larger rally towards 0.8867 fibonacci level. On the downside, break of 0.8654 will resume the fall from 0.8750 to 0.8631 support next. In the bigger picture, rise from 0.8221 […]

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Daily Pivots: (S1) 1.7711; (P) 1.7837; (R1) 1.8071; More… Intraday bias in EUR/AUD remains mildly on the upside for the moment. Fall from 1.8155 could have completed at 1.7569 already. Further rise should be seen to 18155 resistance. Firm break there will argue that whole corrective pattern from 1.8554 has also completed and bring retest […]

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Daily Pivots: (S1) 0.9272; (P) 0.9303; (R1) 0.9319; More… Intraday bias in EUR/CHF stays mildly on the downside at this point. Fall from 0.9452 should target 0.9265 support. Firm break there should confirm that whole corrective rebound from 0.9218 has completed at 0.9452, and deeper fall should be seen to 0.9204/18 support zone. For now, […]

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In focus today Today will be light on the data front, with no immediate market movers scheduled. This week will be light in terms of data releases as the US government shutdown most likely means that the US CPI will not be released on Wednesday and as the other major economies have no tier-1 data […]

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