Sample Category Title

Pivot (invalidation): 0.7400

Our preference Long positions above 0.7400 with targets at 0.7430 & 0.7445 in extension.

Alternative scenario Below 0.7400 look for further downside with 0.7385 & 0.7370 as targets.

Comment The RSI is supported by a rising trend line.

Pivot (invalidation): 1.3020

Our preference Long positions above 1.3020 with targets at 1.3080 & 1.3110 in extension.

Alternative scenario Below 1.3020 look for further downside with 1.2990 & 1.2960 as targets.

Comment The RSI calls for a new upleg.

Daily Pivots: (S1) 145.52; (P) 145.73; (R1) 146.08; More...

Intraday bias in GBP/JPY is turned neutral with the current recovery. Focus is back on 146.51 minor resistance. Break there will argue that pull back from 149.30 has completed. And, intraday bias will be turned back to the upside for this resistance. ON the downside, below 145.25 will target 143.18/76 support zone.

In the bigger picture, decline from 156.59 is seen as a corrective move. In case of another fall, strong support should be seen above 139.29 cluster support (50% retracement of 122.36 to 156.59 at 139.47) to contain downside and bring rebound. Meanwhile, break of 153.84 should confirm that the correction is completed and target 156.59 and above to resume the medium term up trend.

Pivot (invalidation): 0.9900

Our preference Short positions below 0.9900 with targets at 0.9860 & 0.9840 in extension.

Alternative scenario Above 0.9900 look for further upside with 0.9915 & 0.9935 as targets.

Comment The break below 0.9900 is a negative signal that has opened a path to 0.9860.

Pivot (invalidation): 110.90

Our preference Long positions above 110.90 with targets at 111.25 & 111.40 in extension.

Alternative scenario Below 110.90 look for further downside with 110.75 & 110.60 as targets.

Comment A support base at 110.90 has formed and has allowed for a temporary stabilisation.

Daily Pivots: (S1) 129.48; (P) 129.78; (R1) 130.30; More....

EUR/JPY's strong rebound from1 29.10 and break of 130.25 minor resistance suggests that pull back from 131.97 is completed. Also, with 127.13 support intact, rise from 124.61 is possibly still in progress. Intraday bias is back on the upside for 131.97 first. Break will extend the rebound from 124.61 to 133.47 key resistance. On the downside, though, below 129.10 will extend the fall from 131.97 to 127.13 support next.

In the bigger picture, for now, medium outlook remains cautiously bullish. the three wave structure of the fall from 137.49 to 124.61 argues that it's a correction. Also, 124.08 key resistance turned support was defended. Break of 133.47 resistance will affirm the bullish case that rise from 109.03 (2016 low) is still in progress for another high above 137.49. And this will remain the favored case as long as 127.13 support holds.

Pivot (invalidation): 1.3140

Our preference Short positions below 1.3140 with targets at 1.3095 & 1.3080 in extension.

Alternative scenario Above 1.3140 look for further upside with 1.3155 & 1.3175 as targets.

Comment The RSI shows downside momentum.

Pivot (invalidation): 1.1690

Our preference Long positions above 1.1690 with targets at 1.1720 & 1.1740 in extension.

Alternative scenario Below 1.1690 look for further downside with 1.1665 & 1.1645 as targets.

Comment The break above 1.1690 is a positive signal that has opened a path to 1.1720.

Pivot (invalidation): 69.55

Our preference Long positions above 69.55 with targets at 70.65 & 71.20 in extension.

Alternative scenario Below 69.55 look for further downside with 68.80 & 68.25 as targets.

Comment The RSI is mixed to bullish.

Pivot (invalidation): 15.3700

Our preference Long positions above 15.3700 with targets at 15.5800 & 15.6700 in extension.

Alternative scenario Below 15.3700 look for further downside with 15.3000 & 15.2300 as targets.

Comment The RSI is mixed with a bullish bias.