14 AUG 2013 02:12 EDT
By eFXnews.com
The following are the intraday outlooks for EUR/USD, USD/JPY, and
AUD/USD as provided by the technical strategy team at SEB Group.
EUR/USD: 1.3290 before down. The bounce from yesterday's low is not major, but should ideally come in a 3-wave fashion (“A-B-C”). The first two may be in place and the 3rd ought to stretch for 1.3290 before down again. 1.3188 is a key ref to keep in mind below.
USD/JPY: Rechecking 97.60 before up. Gains were notable yesterday with a few semi-important refs easily broken. The 21day Fibo-adjusted "Base line" however seems to be respected and a mid-body (97.60) retest looks likely before testing overhead resistance again. Newborn longs would likely scramble for the exit should the market unexpectedly fall and close below the 5day average low, now at 96.50.
AUD/USD: Rechecking thought 0.9084/35 support. The market respected overhead dynamic resistance in the attempt higher (to reduce a medium- long-term stretch). The near-term move lower should meet buyers in the 0.9084/0.9035 zone – from where another attempt should be made to/into the short-term Fibo-adjusted "Ichimoku cloud".
EUR/USD: 1.3290 before down. The bounce from yesterday's low is not major, but should ideally come in a 3-wave fashion (“A-B-C”). The first two may be in place and the 3rd ought to stretch for 1.3290 before down again. 1.3188 is a key ref to keep in mind below.
USD/JPY: Rechecking 97.60 before up. Gains were notable yesterday with a few semi-important refs easily broken. The 21day Fibo-adjusted "Base line" however seems to be respected and a mid-body (97.60) retest looks likely before testing overhead resistance again. Newborn longs would likely scramble for the exit should the market unexpectedly fall and close below the 5day average low, now at 96.50.
AUD/USD: Rechecking thought 0.9084/35 support. The market respected overhead dynamic resistance in the attempt higher (to reduce a medium- long-term stretch). The near-term move lower should meet buyers in the 0.9084/0.9035 zone – from where another attempt should be made to/into the short-term Fibo-adjusted "Ichimoku cloud".
Copyright © 2013 eFXnews
No comments:
Post a Comment