ActionForex

USD/JPY Daily OutlookDaily Pivots: (S1) 111.51; (P) 111.88; (R1) 112.13; USD/JPY recovers mildly after dropping to 111.62. But as long as 112.52 minor resistance holds, deeper fall is expected....

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7103; (P) 0.7126; (R1) 0.7154; No change in AUD/USD’s outlook. Corrective rise from 0.7040 might extend higher. But upside should be limited well below...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3097; (P) 1.3140; (R1) 1.3193; No change in GBP/USD’s outlook. The rebound from 1.2921 should have completed at 1.3257 already. Deeper fall is in favor...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.22; (P) 129.87; (R1) 130.38; Intraday bias in EUR/JPY remains neutral at this point and deeper fall is in favor. On the downside, break of 129.20 will...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8758; (P) 0.8777; (R1) 0.8807; EUR/GBP’s rebound from 0.8722 extends higher today but it’s limited well below 0.8847 support turned resistance so...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2999; (P) 1.3026; (R1) 1.3050; Intraday bias in USD/CAD remains neutral at this point. On the upside, decisive break of 1.3081 will be the first sign of...

USD/JPY Daily OutlookDaily Pivots: (S1) 111.91; (P) 112.20; (R1) 112.53; Intraday bias in USD/JPY remains neutral at this point, but deeper fall is in favor. Decline from 114.54 is correcting whole...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1526; (P) 1.1569; (R1) 1.1602; Intraday bias in EUR/USD remains neutral with focus on 1.1534 minor support. Break there will indicate completion of rebound...

Sterling is trading the the biggest loser today as it gapped down on negative Brexit news. It’s getting unlikely to have breakthrough in the sticky issue of Irish border at the EU summit this...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.43; (P) 129.82; (R1) 130.43; No change in EUR/JPY’s outlook as 130.49 minor resistance remains intact. Further fall is expected in the cross. Decline...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6215; (P) 1.6287; (R1) 1.6346; EUR/AUD failed to take out 1.6353 resistance and retreated again./ Intraday bias stays neutral for the moment. On the upside,...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1543; (P) 1.1571; (R1) 1.1623; Intraday bias in EUR/USD remains mildly on the upside as rebound from 1.1431 is in progress, for 55 day EMA and above. But...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9860; (P) 0.9892; (R1) 0.9927; No change in USD/CHF’s outlook. Intraday bias stays mildly on the downside a pull back from 0.9954 could extend lower....

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7070; (P) 0.7100; (R1) 0.7153; No change in AUD/USD’s outlook as consolidation from 0.7040 is extending. Intraday bias remains neutral first. Stronger...

After suffering yesterday’s deeper selloff, there’s hope for some stabilization and recovery in US stocks. Investors are cheering US CPI miss as DOW futures pare back some of earlier...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.90; (P) 129.70; (R1) 130.11; EUR/JPY continues to lose downside momentum as seen in 4 hour MACD. But with 130.49 minor resistance intact, further fall is...