USD/JPY Mid-Day Outlook

EUR/AUD edged lower to 1.6267 last week but recovered since then. Initial bias remains neutral this week for more consolidations. But outlook will stay bearish as long as 1.6515 resistance holds. On the downside, break of 1.6267 will resume the whole decline from 1.7062 to 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 […]

Daily Pivots: (S1) 0.8265; (P) 0.8296; (R1) 0.8320; More… EUR/GBP’s deep decline today and break of 0.8290 minor support turned intraday bias back to the downside for retesting 0.8224. Firm break there will resume larger down trend to 0.8201 key support. On the upside, break of 0.8326 resistance will resume the rebound to 38.2% retracement […]

Daily Pivots: (S1) 0.9418; (P) 0.9442; (R1) 0.9455; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. On the downside, firm break of 0.9242 support will indicate rejection by 38.2% retracement of 0.9928 to 0.9204 at 0.9481. Deeper fall would then be seen back to channel support (now at 0.9377). However, strong rebound […]