EUR/USD’s consolidation from 1.1323 continued last week and outlook is unchanged. Initial bias remains neutral this week. With 1.1499 support turned resistance intact, further decline is expected. On the downside, break of 1.1323 will resume Read more…
USD/JPY extended the consolidation pattern from 162.83 with another falling leg last week. Overall outlook is unchanged and initial bias remains neutral first. While deeper decline cannot be ruled out, downside should be contained by Read more…
GBP/USD’s rise from 1.3139 continued last week. Initial bias stays on the upside this week for 1.3459 resistance. Firm break there will argue that whole correction from 1.3867 has completed, and target 1.3657 resistance for Read more…
USD/CHF stayed in consolidations below 0.8139 last week and outlook is unchanged. Initial bias stays neutral this week first. With 0.8009 support intact, further rise is expected. On the upside, above 0.8139 will extend the Read more…
AUD/USD stayed in consolidations above 0.6864 last week and outlook is unchanged. Initial bias remains neutral this week first. Further fall is expected as long as 0.6977 support turned resistance holds. Below 0.6864 will target Read more…
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USD/CAD’s consolidations from 1.4247 continued last week and outlook is unchanged. Initial bias remains neutral this week first. Deeper pullback cannot be ruled out. But downside should be contained above 1.3965 resistance turned support. Above Read more…
GBP/JPY’s up trend resumed last week and surged to 217.99 before retreating. Initial bias remains neutral this week for consolidations. Further rally is expected as long as 214.69 support holds. Above 217.99 will target 220.90 Read more…
EUR/JPY stayed in range of 183.14/186.30 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 186.30 will resume the rebound from 182.10 towards 187.93 high. Read more…
EUR/GBP’s decline continued last week and outlook is unchanged. Initial bias remains on the downside this week for 61.8% retracement of 0.8221 to 0.8863 at 0.8466. As the cross is losing downside momentum as seen Read more…