Sample Category Title

Daily Pivots: (S1) 121.57; (P) 121.65; (R1) 121.75; More....

EUR/JPY's consolidation pattern from 120.78 could have completed with three waves to 123.35 already. Decisive break of 120.78 low will resume larger fall from 127.50 to 118.62 low next. On the upside, in case of another rise, upside should be limited below 123.73 to bring down trend resumption.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying inside long term falling channel. Break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the first sign of medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Pivot (invalidation): 2977.50

Our preference Long positions above 2977.50 with targets at 3001.00 & 3017.00 in extension.

Alternative scenario Below 2977.50 look for further downside with 2958.00 & 2944.00 as targets.

Comment The RSI is bullish and calls for further upside.

Daily Pivots: (S1) 0.8963; (P) 0.8971; (R1) 0.8978; More...

Intraday bias in EUR/GBP remains neutral for consolidation below 0.8992. Further rise is expected as long as 0.8872 resistance holds. But considering bearish divergence condition in 4 hour MACD, we'd look for topping signal as it approaches 0.9101 key resistance. On the downside, break of 0.8872 will indicate short term topping. Deeper pull back could be seen to 55 day EMA (now at 0.8830) first.

In the bigger picture, medium term decline from 0.9305 (2017 high) is seen as a corrective move. No change in this view. Current development argues that it might have completed with three waves down to 0.8472, just ahead of 38.2% retracement of 0.6935 (2015 low) to 0.9306 at 0.8400, after hitting 55 month EMA (now at 0.8527). Decisive break of 0.9101 resistance will confirm this bullish case. Nevertheless, as EUR/GBP is still staying inside long term falling channel, correction from 0.9305 could still extend to 0.8400 fibonacci level before completion, if upside is rejected by 0.9101.

Pivot (invalidation): 12590.00

Our preference Long positions above 12590.00 with targets at 12690.00 & 12740.00 in extension.

Alternative scenario Below 12590.00 look for further downside with 12545.00 & 12487.00 as targets.

Comment The RSI is above its neutrality area at 50%.

Daily Pivots: (S1) 1.6035; (P) 1.6059; (R1) 1.6093; More...

EUR/AUD is losing some downside momentum, but further fall is expected as long as 1.6143 minor resistance holds. Current development suggests that rebound from 1.5683 has completed at 1.6448. Further decline would be seen to retest 1.5683 next. On the upside, above 1.6143 minor resistance will turn bias back to the upside for rebound first.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Pivot (invalidation): 5.5920

Our preference Long positions above 5.5920 with targets at 5.6260 & 5.6480 in extension.

Alternative scenario Below 5.5920 look for further downside with 5.5770 & 5.5530 as targets.

Comment The RSI calls for a rebound.

Pivot (invalidation): 0.7015

Our preference Long positions above 0.7015 with targets at 0.7035 & 0.7050 in extension.

Alternative scenario Below 0.7015 look for further downside with 0.7000 & 0.6985 as targets.

Comment The RSI calls for a bounce.

Pivot (invalidation): 1.3065

Our preference Short positions below 1.3065 with targets at 1.3030 & 1.3010 in extension.

Alternative scenario Above 1.3065 look for further upside with 1.3080 & 1.3100 as targets.

Comment As Long as the resistance at 1.3065 is not surpassed, the risk of the break below 1.3030 remains high.

Pivot (invalidation): 0.9870

Our preference Short positions below 0.9870 with targets at 0.9830 & 0.9810 in extension.

Alternative scenario Above 0.9870 look for further upside with 0.9890 & 0.9910 as targets.

Comment As Long as the resistance at 0.9870 is not surpassed, the risk of the break below 0.9830 remains high.

Pivot (invalidation): 107.90

Our preference Short positions below 107.90 with targets at 107.65 & 107.50 in extension.

Alternative scenario Above 107.90 look for further upside with 108.10 & 108.25 as targets.

Comment A break below 107.65 would trigger a drop towards 107.50.