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EUR/USD’s fall from 1.1917 resumed by late break of 1.1540 support. Initial bias stays on the downside this week for 1.1390 support, or even further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On Read more…
USD/JPY’s rally from 139.87 resumed by breaking through 153.26 resistance last week. Initial bias stays on the upside this week fir 100% projection of 146.58 to 153.26 from 149.37 at 156.05. Firm break there will Read more…
GBP/USD’s extended decline and break of (38.2% retracement of 1.2099 to 1.3787 at 1.3142) suggests that it might have completed a double top pattern (1.3787, 1.3725). Initial bias remains on the downside this week for Read more…
USD/CHF’s extended rebound last week suggests that corrective pattern from 0.7828 is not complete. Instead, it’s now extending with a third leg. Initial bias stays on the upside this week for 0.8075 resistance first. Break Read more…
AUD/USD rebounded further to 0.6616 last week but retreated sharply since then. Initial bias remains neutral this week first. On the upside, break of 0.6616 will resume the rise from 0.6439 to retest 0.6706 high. Read more…
USD/CAD initially dived to 1.3886 last week but rebounded strongly from there. Strong support was seen from 55 D EMA (now at 1.3914). The pair is also staying well inside near term rising channel. Overall Read more…
Despite dipping to 200.54 last week, GBP/JPY quickly recovered. Initial bias remains neutral first. Current development suggests that price action from 205.30 is merely a corrective move, and larger rally is still in progress. On Read more…
EUR/JPY’s up trend resumed last week but retreated after hitting 178.80. Initial bias is turned neutral this week for consolidations. Downside of pullback should be contained above 174.80 support. On the upside, break of 178.80 Read more…
EUR/GBP’s rise from 0.8221 resumed last week and hit as high as 0.8817. But with a temporary top formed, initial bias remains neutral this week for consolidations. Further rise is expected as long as 0.8750 Read more…