Month: June 2022

EUR/USD edged higher to 1.0786 last week but turned sideway since then. On the downside, break of 1.0626 minor support will indicate rejection by 55 day EMA, and turn bias back to the downside for Read more…

USD/JPY rebounded strongly last week and initial bias stays on the upside this week. Decisive break of 131.34 resistance will confirm larger up trend resumption. Next target is 61.8% projection of 114.40 to 131.34 from Read more…

GBP/USD retreated last week but stayed in tight range. Initial bias remains neutral this week first. On the downside, break of 1.2457 minor support will suggest that rebound from 1.2154 has completed. Intraday bias will Read more…

USD/CHF stayed in range last week and outlook is unchanged. Strong support is expected at 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to complete the pull back from 1.0063. On the upside, above 0.9763 Read more…

AUD/USD’s rebound from 0.6828 extended higher last week. Current development raised the chance that whole fall corrective fall from 0.8005 has completed at 0.6828. Initial bias stays on the upside this week for 0.7660 resistance. Read more…

USD/CAD’s fall from 1.3075 extended lower last week. Initial bias remains on the downside this week for 1.2401 support. Decisive break there will argue that whole rebound from 1.2005 has completed, after rejection by 1.3022 Read more…

GBP/JPY’s rebound from 155.57 extended higher last week. Initial bias remains on the upside this week for retesting 168.40 high. Firm break there will resume larger up trend. On the downside, below 160.92 minor support Read more…

EUR/JPY rose to as high as 140.36 last week and the break of 139.99 resistance should confirm up trend resumption. Initial bias stays on the upside this week for 61.8% projection of 124.37 to 139.99 Read more…