Daily Pivots: (S1) 158.65; (P) 159.39; (R1) 160.67; More…. Intraday bias in EUR/JPY is turned neutral with current recovery. Outlook is unchanged that corrective pattern from 154.40 might have completed with three waves to 163.47 already. Risk will stay mildly on the downside as long as 163.47 resistance holds. Below 158.09 will target 154.40/155.14 support […]
The post EUR/JPY Daily Outlook appeared first on Action Forex.
In focus today Today, focus is on euro area HICP inflation from September. We expect headline inflation to decline to 1.6% y/y from 2.2%, below consensus of a decline to 1.8%, due to the lower-than-expected Read more…
The Chinese stocks extended gains on Monday as China announced more stimulus measures and investors rushed to buy before the markets closed for national holiday today. The CSI 300 index jumped more than 8% on Read more…
Short Term Elliott Wave View in USDJPY suggests decline to 139.57 ended wave (W). Pair then corrected in wave (X) with internal subdivision as a double three Elliott Wave structure. Up from wave (W), wave Read more…