GBP/USD edged higher to 1.3631 last week but quickly retreated again. Initial bias remains neutral this week first, and further rally is expected as long as 1.3455 support holds. Break of 1.3631 will resume the Read more…
USD/CHF’s fall from 0.8475 extended lower last week but recovered ahead of 0.8038 low. Initial bias is turned neutral this week first. On the upside, break of 0.8247 resistance will argue that corrective pattern from Read more…
Despite edging higher to 0.6545 last week, subsequent pullback suggests that a short term top was already form. Risk will now stay on the downside as long as 1.6545 resistance holds. Deeper fall would be Read more…
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USD/CAD’s fall from 1.4791 continued last week and broke 61.8% projection of 1.4414 to 1.3749 from 1.4014 at 1.3603. There is no sign of bottoming yet, and initial bias stays on the downside this week Read more…
GBP/JPY was still bounded in consolidation pattern from 196.38 last week. Initial bias stays neutral this week first and further rise is expected with 191.86 support intact. Firm break of 196.38 will resume whole rally Read more…
EUR/JPY surged to as high as 166.73 last week but turned sideway since then. Initial bias remains neutral this week first. Further rally is expected as long as 55 D EMA (now at 163.16) holds. Read more…
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EUR/GBP’s rebound from 0.8354 extended higher last week but lost momentum after hitting 0.8545. Initial bias is turned neutral this week first. Further rally is expected as long as 0.8416 support holds. Above 0.8545 will Read more…
EUR/CHF rose to 0.9428 last week but reversed from there. Nevertheless, downside is contained above 0.9291 support so far. Initial bias stays neutral this week first. On the upside, break of 0.9428/45 resistance zone will Read more…