Sample Category Title

Pivot (invalidation): 63.55

Our preference Short positions below 63.55 with targets at 62.50 & 61.90 in extension.

Alternative scenario Above 63.55 look for further upside with 64.15 & 64.70 as targets.

Comment The RSI is mixed to bearish

Daily Pivots: (S1) 147.06; (P) 147.44; (R1) 148.00; More...

GBP/JPY's rise from 142.76 is still in progress. Intraday bias remains on the upside for 149.70 resistance first. Break will resume the rise from 139.88 and target 153.84/156.59 resistance zone. On the downside, below 146.28 minor support will turn bias back to the downside for 142.76 again.

In the bigger picture, as long as 139.29 cluster support (50% retracement of 122.36 to 156.59 at 139.47) holds, up trend from 122.36 (2016 low) would still extend beyond 156.69 high. However, decisive break of 139.29/47 will suggest that such up trend is completed and turn outlook bearish. In that case, next target is 61.8% retracement at 135.43.

Pivot (invalidation): 14.7200

Our preference Short positions below 14.7200 with targets at 14.5700 & 14.5000 in extension.

Alternative scenario Above 14.7200 look for further upside with 14.8200 & 14.9100 as targets.

Comment The RSI lacks upward momentum.

Pivot (invalidation): 1234.00

Our preference Short positions below 1234.00 with targets at 1226.50 & 1224.00 in extension.

Alternative scenario Above 1234.00 look for further upside with 1236.50 & 1239.00 as targets.

Comment The RSI advocates for further downside.

Daily Pivots: (S1) 128.70; (P) 129.02; (R1) 129.44; More....

EUR/JPY's rise from 126.63 is still in progress and intraday bias stays on the upside for 130.20 resistance. Strong resistance could be seen from 130.20 to limit upside, to resume the decline from 133.12. On the downside, break of 128.38 minor support will turn bias to the downside. Break of 126.63 will extend the fall from 133.12 to retest 124.89 low. Nonetheless, sustained break of 130.20 will pave the way back to 133.12 high instead.

In the bigger picture, as long as 124.08 key resistance turn supported holds, larger up trend from 109.03 (2016 low) is still in progress. Firm break of 137.49 structural resistance will target 141.04/149.76 resistance zone next. However, decisive break of 124.08 will argue that such rise from 109.03 has completed and turn outlook bearish. In that case, deeper fall would be seen to 61.8% retracement of 109.03 to 137.49 at 119.90.

Pivot (invalidation): 2700.00

Our preference Long positions above 2700.00 with targets at 2775.00 & 2798.00 in extension.

Alternative scenario Below 2700.00 look for further downside with 2675.00 & 2640.00 as targets.

Comment The RSI is bullish and calls for further upside.

Daily Pivots: (S1) 0.8730; (P) 0.8753; (R1) 0.8768; More...

Intraday bias in EUR/GBP remains on the downside for 0.8722 support. Break there will resume whole decline from 0.9097 and target 0.8620 support next. On the upside, above 0.8800 minor resistance will turn intraday bias neutral first. But another fall is in favor as long as 0.8939 resistance holds.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). On the downside, break of 0.8722 will extend the falling leg through 0.8620 support. On the upside, break of 0.9097 will target 0.9304 resistance instead.

Daily Pivots: (S1) 1.5789; (P) 1.5826; (R1) 1.5859; More....

EUR/AUD is staying in consolidation from 1.5742 and intraday bias remains neutral first. As noted before, prior break of 1.5984 support is taken as an early sign of medium term trend reversal. On the downside, break of 1.5742 will target 1.5601 key support. Decisive break there will pave the way to 1.5271/5313 cluster support zone next. In case of another recovery, upside should be limited by 1.5984 support turned resistance to bring fall resumption.

In the bigger picture, current development argues that up trend from 1.3624 (2017 low) is possibly completed at 1.6357, ahead of 1.6587 (2015 high). This is supported by bearish divergence condition in weekly MACD. Deeper decline is now in favor to 1.5271 cluster support (38.2% retracement of 1.3624 to 1.6357 at 1.5313). Break will target 61.8% retracement at 1.4668. On the upside, break of 1.6357 is needed to confirm up trend resumption. Otherwise, risk will now stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 1.1429; (P) 1.1447; (R1) 1.1476; More...

EUR/CHF's recovery from 1.1343 extends higher today but it's limited well below 1.1501 resistance. Intraday bias remains neutral first. On the upside, break of 1.1501 will revive the case of bullish reversal. Intraday bias will be turned back to the upside for 1.1713 resistance next. On the downside, break of 1.1343 will turn bias back to the downside for 1.1154/98 key support zone.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1243) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

Pivot (invalidation): 11468.00

Our preference Long positions above 11468.00 with targets at 11610.00 & 11680.00 in extension.

Alternative scenario Below 11468.00 look for further downside with 11385.00 & 11288.00 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.