USD/JPY edged lower to 154.77 last week but turned sideway away. Initial bias stays neutral this week. On the downside, break of 154.77 will resume the fall from 158.86 short term top to 38.2% retracement Read more…
GBP/USD’s rebound from 1.2099 short term bottom accelerated higher last week and there is no sign of topping yet. Initial bias stays on the upside for 55 D EMA (now at 1.2547) and above. Strong Read more…
USD/CHF gyrated lower last week as consolidation from 0.9200 extended but downside was contained above 0.9007 support. Initial bias remains neutral this week first. On the upside, above 0.9107 minor resistance will turn bias back Read more…
AUD/USD’s rebound from 0.6130 short term bottom extended higher last week. Initial bias stays on the upside this week for 55 D EMA (now at 0.6347) and above. But strong resistance is expected from 38.2% Read more…
USD/CAD stayed in consolidation below 1.4516 last week and outlook is unchanged. Initial bias remains neutral for this week and more sideway trading could be seen. Further rally is expected as long as 1.4260 support Read more…
GBP/JPY’s stronger than expected rebound and break of 55 D EMA last week argues that fall from 198.84 has completed at 189.31. Initial bias remains on the upside this week for 198.94 resistance, as corrective Read more…
EUR/JPY’s stronger than expected rebound last week suggests that corrective pull back from 164.89 has completed at 159.74 already. Initial bias remains on the upside this week for 164.89 resistance. Firm break there will resume Read more…
EUR/GBP edged higher to 0.8472 last week but retreated notably since then. Initial bias stays neutral this week first. On the upside, break of 0.8472 will resume the rally from 0.8221 to 0.8624 key cluster Read more…
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EUR/AUD’s consolidation from 1.6800 was still in progress last week and outlook remains unchanged. Initial bias stays neutral this week first. Strong support is still expected from 38.2% retracement of 1.5963 to 1.6800 at 1.6480 Read more…