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EUR/USD gyrated lower to 1.1582 last week but rebounded strongly from there. Late breach of 1.1729 resistance suggests that rise from 1.1390 is resuming. Initial bias is now on the upside this week for retesting Read more…
USD/JPY recovered to 148.76 last week and fell notably from there. Initial bias is turned neutral this week first. On the downside, firm break of 146.20 will resume the fall from 150.90. Also, that would Read more…
GBP/USD gyrated lower to 1.3389 last week but rebounded strongly from there. Initial bias remains neutral this week first. Break of 1.3594 will resume the rebound from 1.3140 to retest 1.3787 high. Firm break there Read more…
USD/CHF’s late break of 0.8020 support suggests that corrective bounce from 0.7871 might have completed with three waves up to 0.8170 already. Initial bias is now on the downside this week for retesting 0.7871 low. Read more…
AUD/USD dived to 0.6413 last week but rebounded strongly from there. Initial bias is turned neutral this week first. Outlook is unchanged that price actions from 0.6624 are seen as a corrective pattern. On the Read more…
USD/CAD rose to 1.3923 last week but dived sharply from there. Initial bias is turned neutral this week first. Price actions from 1.3538 are seen as a corrective pattern. As long as 1.3720 support holds, Read more…
GBP/JPY’s corrective pattern from 200.26 extended with a dip to 197.84 last week, but quickly recovered. Initial bias stays neutral this week first. While another fall cannot be ruled out, near term outlook will stay Read more…
EUR/JPY gyrated in range below 172.99 last week and outlook is unchanged. Overall price actions from 173.87 are seen as a corrective pattern. On the downside, below 170.94 support will bring deeper fall to 169.69 Read more…
EUR/GBP’s extended rebound last week argues that corrective pattern from 0.8752 has completed with three waves down to 0.8595. Initial bias stays mildly on the upside for retesting 0.8752 high. On the downside, below 0.8638 Read more…