Sample Category Title

Daily Pivots: (S1) 123.90; (P) 124.36; (R1) 124.86; More....

A temporary low is in place at 123.82 in EUR/JPY and intraday bias is turned neutral first. Further decline is expected as long as 125.68 minor resistance holds. Prior break of 124.27 support indicates completion of rebound from 118.62. On the downside, below 123.82 will target 61.8% retracement of 118.62 to 127.50 at 122.01. However, break of 125.68 will bring stronger rebound back to 127.50 resistance.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.86). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

Pivot (invalidation): 0.7100

Our preference Long positions above 0.7100 with targets at 0.7135 & 0.7155 in extension.

Alternative scenario Below 0.7100 look for further downside with 0.7080 & 0.7065 as targets.

Comment The RSI is bullish and calls for further advance.

Pivot (invalidation): 1.3415

Our preference Short positions below 1.3415 with targets at 1.3370 & 1.3345 in extension.

Alternative scenario Above 1.3415 look for further upside with 1.3440 & 1.3470 as targets.

Comment The RSI is bearish and calls for further downside.

Pivot (invalidation): 0.9935

Our preference Short positions below 0.9935 with targets at 0.9910 & 0.9895 in extension.

Alternative scenario Above 0.9935 look for further upside with 0.9950 & 0.9970 as targets.

Comment A break below 0.9910 would trigger a drop towards 0.9895.

Daily Pivots: (S1) 0.8544; (P) 0.8571; (R1) 0.8599; More...

Intraday bias in EUR/GBP remains neutral for consolidation above 0.8474 low. On the downside, break of 0.8474 low will resume recent down trend and target 0.8416 long term projection next. On the upside, though, break of 0.8722 will resume the rebound from 0.8474 to 0.8840 resistance first.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is a falling leg inside the pattern. Such decline could extend to 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we'd expect strong support around 0.8312 support to contain downside and bring rebound.

Daily Pivots: (S1) 1.5879; (P) 1.5931; (R1) 1.5959; More...

EUR/AUD drops notably today but stays inside range of 1.5721/6122. Intraday bias remains neutral first and more consolidation could still be seen. On the downside, break of 1.5721 low will confirm this case and target 1.5346 support next. On the upside, though, break of 1.6122 will extend the pattern from 1.5721 with another rise.

In the bigger picture, as long as 1.5346 support holds, outlook will remain bullish. Uptrend 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, with bearish divergence condition in weekly MACD, and turn outlook bearish.

Pivot (invalidation): 109.90

Our preference Long positions above 109.90 with targets at 110.25 & 110.50 in extension.

Alternative scenario Below 109.90 look for further downside with 109.70 & 109.40 as targets.

Comment Intraday technical indicators are mixed and call for caution.

Pivot (invalidation): 1.3170

Our preference Long positions above 1.3170 with targets at 1.3220 & 1.3245 in extension.

Alternative scenario Below 1.3170 look for further downside with 1.3140 & 1.3110 as targets.

Comment A support base at 1.3170 has formed and has allowed for a temporary stabilisation.

Daily Pivots: (S1) 1.1209; (P) 1.1233; (R1) 1.1252; More...

EUR/CHF lost downside momentum ahead of 1.1173 low (inside 1.1154/98 key support zone). Intraday bias is turned neutral first. Further decline is mildly in favor as long as 1.1298 minor resistance holds. Decisive break of 1.1154/98 will carry larger bearish implication. On the upside, above 1.1298 minor resistance will turn bias back to the upside for rebound.

In the bigger picture, with last week's sharp decline, price actions from 1.1173 are now looking more like a consolidation that's completed at 1.1444. Bearishness is also reflected in multiple rejection by 55 week EMA. Immediate focus is back on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. 1.0629 support will be next target.

Pivot (invalidation): 1.1300

Our preference Long positions above 1.1300 with targets at 1.1330 & 1.1345 in extension.

Alternative scenario Below 1.1300 look for further downside with 1.1275 & 1.1245 as targets.

Comment The RSI lacks downward momentum.