EUR/GBP continued to engage in sideway trading last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, decisive break of 0.8610 support will revive the case of bearish trend reversal. On the upside, break of 0.8728 resistance will bring stronger rally back towards 0.8740 resistance. In the bigger picture, […]
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EUR/USD edged lower to 1.1499 last week but recovered since then. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 1.1685 resistance holds. Break of 1.1499 will Read more…
USD/JPY retreated notably after edging higher to 160.58 last week. Considering bearish divergence condition in 4H MACD, a short term top could be formed ahead of 160.71 key resistance. On the downside, break of 159.54 Read more…