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Action Insight: GBPJPY Technical Outlook

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



EUR/AUD Weekly Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 28 15 08:38 GMT
EUR/AUD's choppy decline from 1.4893 extended lower last week and further fall might be seen. But again, such fall is viewed as a corrective pull back. We'd expect strong support above 1.3963 to contain downside and bring another rally. Above 1.4498 minor resistance will turn bias to the upside for 1.4893 resistance first. Break will extend the rise from 1.3963 towards 1.5331 resistance.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 26 15 08:59 GMT
We maintained the view that the choppy decline from 1.4893 is merely a corrective pull back. Thus, while deeper fall might be seen, we'd expect limited downside, which should be contained well above 1.3963. Meanwhile, above 1.4893 would extend the rise from 1.3963 towards 1.5331 resistance. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 25 15 07:10 GMT
We maintained the view that the choppy decline from 1.4893 is merely a corrective pull back. Thus, while deeper fall might be seen, we'd expect limited downside, which should be contained well above 1.3963. Meanwhile, above 1.4893 would extend the rise from 1.3963 towards 1.5331 resistance. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 24 15 05:32 GMT
As noted before, the structure of the fall from 1.4893 is having a corrective look and could be just a pull back. Hence, while deeper fall might be seen, we'd expect limited downside, which should be contained well above 1.3963. Meanwhile, above 1.4893 would extend the rise from 1.3963 towards 1.5331 resistance. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 23 15 07:34 GMT
As noted before, the he structure of the fall from 1.4893 is having a corrective look and could be just a pull back. Hence, while deeper fall might be seen, we'd expect limited downside, which should be contained well above 1.3963. Meanwhile, above 1.4893 would extend the rise from 1.3963 towards 1.5331 resistance. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 20 15 09:25 GMT
Intraday bias in EUR/AUD remains neutral for the moment. Break of 1.4893 will extend the rebound from 1.3963 and target 1.5331 resistance. On the downside, below 1.4419 will turn bias to the downside for 1.3963 support. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 18 15 06:02 GMT
Intraday bias in EUR/AUD remains neutral for the moment. Break of 1.4893 will extend the rebound from 1.3963 and target 1.5331 resistance. On the downside, below 1.4419 will turn bias to the downside for 1.3963 support. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 17 15 02:47 GMT
Intraday bias in EUR/AUD remains neutral for the moment. Break of 1.4893 will extend the rebound from 1.3963 and target 1.5331 resistance. On the downside, below 1.4419 will turn bias to the downside for 1.3963 support. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 16 15 09:46 GMT
Intraday bias in EUR/AUD remains neutral for the moment. Break of 1.4893 will extend the rebound from 1.3963 and target 1.5331 resistance. On the downside, below 1.4419 will turn bias to the downside for 1.3963 support. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
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EUR/AUD Weekly Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Feb 14 15 10:24 GMT
EUR/AUD's retreat was continued at 1.4419 and recovered. The development argues that rebound from 1.3963 is not completed yet. Initial bias is neutral this week first. Break of 1.4893 will target 1.5331 resistance. On the downside, below 1.4419 will turn bias to the downside for 1.3963 support. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
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