Daily Pivots: (S1) 1.2989; (P) 1.3020; (R1) 1.3067; More… Intraday bias in GBP/USD remains on the upside with focus on 1.3043 resistance. Decisive break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high. On the downside, below 1.2973 minor support […]
EUR/JPY edged lower to 156.16 last week as fall from 166.67 extended, but recovered since then. Initial bias remains neutral this week first. While further recovery cannot be ruled out, outlook will stay bearish as long as 55 D EMA (now at 162.11) holds. On the downside, below 157.54 minor support will bring retest of […]
The post EUR/JPY Weekly Outlook appeared first on Action Forex.
Share
