USD/JPY’s steep decline last week indicates medium term topping at 160.71, on bearish divergence condition in D MACD. But as a temporary low should be formed at 155.48, initial bias is turned neutral this week first. Risk will stay on the downside as long as 55 4H EMA (now at 158.81) holds. Below 155.48 will […]
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EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
GBP/USD’s rise from 1.3158 resumed last week but a temporary top should be formed after hitting 1.3657. Initial bias is turned neutral this week for consolidations first. Further rally is expected as long as 1.3453 Read more…
USD/CHF’s fall last week suggests that rebound from 0.7774 has completed at 0.7923 already. Initial bias stays on the downside this week for 0.7774 and then 61.8% projection of 0.8041 to 0.7774 from 0.7923 at Read more…