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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 | Oct 01 14 06:00 GMT
With 1.4378 support intact, further rise is still expected in EUR/AUD. Recent development suggested that corrective fall from 1.5831 has already completed at 1.3792, just ahead of 50% retracement of 1.1602 to 1.5831 at 1.3717. Further rise is expected to 61.8% retracement of 1.5831 to 1.3792 at 1.5052 and above. Meanwhile, break of 1.4378 will indicate short term topping, on bearish divergence condition in 4 hours MACD. In such case, lengthier consolidation would be seen before staging another rise.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Sep 30 14 06:46 GMT
EUR/AUD continues to lose upside momentum but further rise is still expected with 1.4378 minor support intact. Recent development suggested that corrective fall from 1.5831 has already completed at 1.3792, just ahead of 50% retracement of 1.1602 to 1.5831 at 1.3717. Further rise is expected to 61.8% retracement of 1.5831 to 1.3792 at 1.5052 and above. Meanwhile, break of 1.4378 will indicate short term topping, on bearish divergence condition in 4 hours MACD. In such case, lengthier consolidation would be seen before staging another rise.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Sep 29 14 08:03 GMT
Intraday bias in EUR/AUD remains on the upside for the moment. Recent development suggested that corrective fall from 1.5831 has already completed at 1.3792, just ahead of 50% retracement of 1.1602 to 1.5831 at 1.3717. Further rise is expected to 61.8% retracement of 1.5831 to 1.3792 at 1.5052 and above. Meanwhile, break of 1.4378 will indicate short term topping, on bearish divergence condition in 4 hours MACD. In such case, lengthier consolidation would be seen before staging another rise.
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EUR/AUD Weekly Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Sep 27 14 07:21 GMT
EUR/AUD's rebound from 1.3792 edged higher last week and took out 1.4477 resistance. While upside momentum is not too convincing, the development affirmed the case that corrective fall from 1.5831 has already completed at 1.3792, just ahead of 50% retracement of 1.1602 to 1.5831 at 1.3717. Further rise is expected this week as long as 1.4378 minor support holds. Rebound from 1.3792 would extend to 61.8% retracement of 1.5831 to 1.3792 at 1.5052 and above. Meanwhile, break of 1.4378 will indicate short term topping, on bearish divergence condition in 4 hours MACD. In such case, lengthier consolidation would be seen before staging another rise.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Sep 26 14 06:47 GMT
The breach of 1.4556 resistance suggests that EUR/AUD is resuming the rebound from 1.3792. Intraday bias is back on the upside. Overall outlook is unchanged as decline from 1.5831 has completed at 1.3792 already, just head of 50% retracement of 1.1602 to 1.5831 at 1.3717. Rebound from there should target 61.8% retracement of 1.5831 to 1.3792 at 1.5052 and above. Nonetheless, below 1.4378 minor support will bring more consolidations first.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Sep 25 14 07:39 GMT
A short term top is possibly in place at 1.4556 on bearish divergence condition in 4 hours MACD. Intraday bias is mildly on the downside for pull back to 1.4237 support. At this point, we'd expect strong support from there to contain downside and bring another rise. As noted before, decline from 1.5831 has completed at 1.3792 already, just head of 50% retracement of 1.1602 to 1.5831 at 1.3717. Above 1.4556 will target 61.8% retracement of 1.5831 to 1.3792 at 1.5052 and above.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Sep 24 14 06:57 GMT
Further rise is still expected in EUR/AUD as long as 1.4400 minor support holds. Prior break of 1.4477 resistance affirmed that choppy decline from 1.5831 has completed at 1.3792 already, just head of 50% retracement of 1.1602 to 1.5831 at 1.3717. Current rally would extend to 61.8% retracement of 1.5831 to 1.3792 at 1.5052 and above. However, considering bearish divergence condition in 4 hours MACD, break of 1.4400 will indicate short term topping and turn bias back to the downside for 1.4237 support.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Sep 23 14 04:09 GMT
Intraday bias in EUR/AUD remains mildly on the upside for the moment. That breach of 1.4477 resistance affirmed that choppy decline from 1.5831 has completed at 1.3792 already, just head of 50% retracement of 1.1602 to 1.5831 at 1.3717. Further rise should now be seen to 61.8% retracement of 1.5831 to 1.3792 at 1.5052 and above. On the downside, below 1.4327 support is needed to indicate short term topping. Otherwise, near term outlook will remain mildly bullish in case of retreat.
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EUR/AUD Daily Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Sep 22 14 09:21 GMT
EUR/AUD's rebound from 1.3792 extended higher today and took out 1.4477 resistance. The development confirmed that choppy decline from 1.5831 has completed at 1.3792 already, just head of 50% retracement of 1.1602 to 1.5831 at 1.3717. Further rise should now be seen to 61.8% retracement of 1.5831 to 1.3792 at 1.5052 and above. On the downside, below 1.4327 support is needed to indicate short term topping. Otherwise, near term outlook will remain mildly bullish in case of retreat.
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EUR/AUD Weekly Outlook Print E-mail
EURAUD Outlook | Written by ActionForex.com | Sep 20 14 08:30 GMT
EUR/AUD edged higher last week but stayed below 1.4477 resistance. Initial bias remains neutral this week first. As long as 1.4188 support holds, further rise is still expected in EUR/AUD. As noted before, the choppy decline from 1.5831 could have completed at 1.3792 already, just head of 50% retracement of 1.1602 to 1.5831 at 1.3717. Break of 1.4477 will confirm this bullish case and target 61.8% retracement of 1.5831 to 1.3792 at 1.5052 and above. On the downside, below 1.4188 minor support will turn bias back to the downside for 1.3792 support instead.
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