USD/CHF rebounded further to 0.7877 last week but failed to sustain above 55 D EMA (now at 0.7817) and retreated. Initial bias remains neutral this week first. On the downside, break of 0.7671 support will revive near term bearishness and bring retest of 0.7603 low. Decisive break there will resume larger down trend. On the […]
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EUR/USD dived to as low as 1.1529 last week but recovered after breaching 1.1576 support briefly. Initial bias remains neutral first and further decline is in favor as long as 1.1740 support turned resistance holds. Read more…
USD/JPY’s rally from 152.25 continued last week and outlook is unchanged. Initial bias stays on the upside this week for retesting 159.44 high. On the downside, below 156.44 support will turn bias neutral first. Overall, Read more…