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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 Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Apr 17 14 07:23 GMT
Intraday bias in EUR/AUD remains neutral as consolidations from 1.4652 continues. As long as 1.4964 resistance holds, near term outlook stays bearish and deeper decline is still expected. Below 1.4652 will target 161.8% projection of 1.5831 to 1.4987 from 1.5536 at 1.4170, which is close to medium term fibonacci level at 1.4216. However, considering bullish convergence condition in 4 hours MACD, break of 1.4964 will indicate near term reversal and bring stronger rebound back towards 1.5536 resistance.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Apr 16 14 03:32 GMT
Intraday bias in EUR/AUD remains neutral as consolidations from 1.4652 continues. As long as 1.4964 resistance holds, near term outlook stays bearish and deeper decline is still expected. Below 1.4652 will target 161.8% projection of 1.5831 to 1.4987 from 1.5536 at 1.4170, which is close to medium term fibonacci level at 1.4216. However, considering bullish convergence condition in 4 hours MACD, break of 1.4964 will indicate near term reversal and bring stronger rebound back towards 1.5536 resistance.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Apr 15 14 03:45 GMT
EUR/AUD is still holding above 1.4652 temporary low and intraday bias remains neutral for the moment for some more consolidations. As long as 1.4964 resistance holds, near term outlook stays bearish and deeper decline is still expected. Below 1.4652 will target 161.8% projection of 1.5831 to 1.4987 from 1.5536 at 1.4170, which is close to medium term fibonacci level at 1.4216. However, considering bullish convergence condition in 4 hours MACD, break of 1.4964 will indicate near term reversal and bring stronger rebound back towards 1.5536 resistance.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Apr 14 14 07:43 GMT
EUR/AUD weakens mildly as the week started but stays in range above 1.4652 temporary low. Intraday bias remains neutral first. As long as 1.4964 resistance holds, near term outlook stays bearish and deeper decline is still expected. Below 1.4652 will target 161.8% projection of 1.5831 to 1.4987 from 1.5536 at 1.4170, which is close to medium term fibonacci level at 1.4216. However, considering bullish convergence condition in 4 hours MACD, break of 1.4964 will indicate near term reversal and bring stronger rebound back towards 1.5536 resistance.
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EUR/AUD Weekly Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Apr 12 14 03:03 GMT
EUR/AUD edged lower to 1.4652 last week but has clearly lost much downside momentum as it hit 100% projection of 1.5831 to 1.4987 from 1.5536 at 1.4692. A temporary low is formed and initial bias is neutral this week for some more consolidations. As long as 1.4964 resistance holds, near term outlook stays bearish and deeper decline is still expected. Below 1.4652 will target 161.8% projection at 1.4170, which is close to medium term fibonacci level at 1.4216. However, considering bullish convergence condition in 4 hours MACD, break of 1.4964 will indicate near term reversal and bring stronger rebound back towards 1.5536 resistance.
Read more...
 
EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Apr 11 14 02:39 GMT
Despite a dip to 1.4652, there was no follow through selling in EUR/AUD as it lost downside momentum further. Intraday bias remains neutral first. Another decline is still expected as long as 1.4964 resistance holds. Decisive break of 1.4652 will pave the way to 161.8% projection of 1.5831 to 1.4987 from 1.5536 at 1.4170, which is close to medium term fibonacci level at 1.4216. However, considering bullish convergence condition in 4 hours MACD, break of 1.4964 will indicate near term reversal and bring stronger rebound back towards 1.5536 resistance.
Read more...
 
EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Apr 10 14 04:28 GMT
EUR/AUD breaches 1.4694 but lacks follow through selling so far. Intraday bias remains neutral first. Also, near term outlook stays bearish as long as 1.4964 resistance holds and deeper fall is still expected. Break of 100% projection of 1.5831 to 1.4987 from 1.5536 at 1.4692 will pave the way to 161.8% projection at 1.4170, which is close to medium term fibonacci level at 1.4216. Though, break of 1.4964 will indicate near term reversal and bring stronger rebound back towards 1.5536 resistance.
Read more...
 
EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Apr 09 14 04:07 GMT
EUR/AUD is holding above 1.4694 temporary low for the moment and intraday bias remains neutral. Near term outlook stays bearish as long as 1.4964 resistance holds and deeper fall is still expected. Break of 100% projection of 1.5831 to 1.4987 from 1.5536 at 1.4692 will pave the way to 161.8% projection at 1.4170, which is close to medium term fibonacci level at 1.4216. Though, break of 1.4964 will indicate near term reversal and bring stronger rebound back towards 1.5536 resistance.
Read more...
 
EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Apr 08 14 05:12 GMT
A temporary low is in place at 1.4694, just inch above 100% projection of 1.5831 to 1.4987 from 1.5536 at 1.4692. Intraday bias is turned neutral for some consolidations first. Near term outlook stays bearish as long as 1.4964 resistance holds and deeper fall is still expected. Break of 1.4692 will pave the way to 161.8% projection at 1.4170, which is close to medium term fibonacci level at 1.4216. Though, break of 1.4964 will indicate near term reversal and bring stronger rebound back towards 1.5536 resistance.
Read more...
 
EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Apr 07 14 08:04 GMT
Intraday bias in EUR/AUD remains on the downside and fall from 1.5831 is expected to continue. Break of 100% projection of 1.5831 to 1.4987 from 1.5536 at 1.4692 will pave the way to 161.8% projection at 1.4170, which is close to medium term fibonacci level at 1.4216. On the upside, break of 1.4964 resistance is needed to indicate short term bottoming. Otherwise, near term outlook will stay bearish.
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