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Daily Pivots: (S1) 182.08; (P) 182.42; (R1) 182.95; More… EUR/JPY’s rally is still in progress and intraday bias stays on the upside. Current up trend should target 100% projection of 161.06 to 173.87 from 171.09 at 183.90. On the downside, below 181.85 minor support will turn intraday bias neutral first. But outlook will remain bullish […]
The post EUR/JPY Daily Outlook appeared first on ActionForex.
Daily Pivots: (S1) 1.7528; (P) 1.7585; (R1) 1.7671; More… Intraday bias in EUR/AUD remains neutral as consolidations continue above 1.7477 temporary low. Outlook is unchanged that fall from 1.8160 is seen as the third leg of the pattern from 1.8554. Below 1.7477 will target 100% projection of 1.8160 to 1.7561 from 1.7976 at 1.7377. This […]
The post EUR/AUD Daily Outlook appeared first on ActionForex.
Markets (US) markets yesterday continued the constructive reaction after Wednesday Fed policy meeting. (The pace of) any further easing has become highly depended on US data update starting next week and continuing in January. Even as Fed Chair Powell indicated that a follow-up rate cut in January isn’t evident, markets still keep the option open […]
The post Fed Has Reappointed All But One of the 12 Regional Branches appeared first on ActionForex.
Daily Pivots: (S1) 0.8745; (P) 0.8759; (R1) 0.8783; More… EUR/GBP’s recovery from 0.8720 extends higher today but stays below 0.8800 resistance. Intraday bias remains neutral for the moment, and further decline is still expected. Fall from 0.8863 should at least be a correction to the up trend from 0.8221, with risk of bearish reversal. Below […]
The post EUR/GBP Daily Outlook appeared first on ActionForex.
Sterling edged lower after the UK GDP release disappointed again, a adding to a run of soft growth signals and left the Pound mildly on the defensive into European session. The pre-Budget weakness is strengthening the case for the BoE to resume rate cuts at next week’s meeting. While the MPC remains clearly divided, resistance […]
The post Sterling Softens After GDP Miss; Dollar Remains Under Pressure appeared first on ActionForex.
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