EUR/USD edged higher to 1.1729 last week but retreated since then. Initial bias remains neutral this week for consolidations. Further rally is expected as long as 1.1589 support holds. Above 1.1729 will bring retest of Read more…
USD/JPY edged lower to 146.20 last week but recovered ahead of 145.84 support. Initial bias stays neutral this week first. On the upside, break of 148.51 will indicate that the pullback from 150.90 has completed, Read more…
GBP/USD’s rally extended to 1.3594 last week and breached 1.3587 resistance. But a temporary top was formed with subsequent retreat. Initial bias remains neutral this week for consolidations. Downside of pullback should be contained above Read more…
USD/CHF stayed in consolidation inside 0.8020/8170 last week. Initial bias remains neutral this week first. On the downside, break of 0.8020 will revive that case that the corrective pattern from 0.7871 has completed, and target Read more…
AUD/USD retreated sharply after edging higher to 0.6567 last week but downside is contained above 0.6481 minor support so far. Initial bias stays neutral this week first. Overall, corrective pattern from 0.6624 should still be Read more…
USD/CAD’s recovery from 1.3720 extended higher last week and the breach of 1.3809 suggests that pullback from 1.3878 has completed. Initial bias is mildly on the upside this week for 1.3878 first. Firm break there Read more…
GBP/JPY edged higher to 200.26 last week but retreated since then. Initial bias stays neutral this week and some more consolidations could be seen. But further rally is expected as long as 195.01 support holds. Read more…
EUR/JPY retreated after edging high to 172.99 last week. The development suggests that corrective pattern from 173.87 is still extending. Deeper fall might be seen but downside should be contained by 38.2% retracement of 161.06 Read more…
EUR/GBP fell to as low as 0.08595 last week but recovered after drawing support from 38.2% retracement of 0.8354 to 0.8752 at 0.8600. Initial bias is turned neutral this week first. On the upside, break Read more…
EUR/AUD’s rebound from 1.7671 extended higher last week. The late breach of 1.7972 resistance added to the case that correction from 1.8094 has already completed with three waves down to 1.7671. Initial bias is mildly Read more…