GBP/JPY’s up trend continued last week and edged higher to 219.56. But as a temporary top was formed there with subsequent retreat, initial bias remains neutral this week first. Downside of consolidations should be contained by 216.39. Above 219.56 will target 220.90 fibonacci projection level next. In the bigger picture, the long term up trend […]
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EUR/USD extended the consolidations pattern above 1.1323 last week and outlook is unchanged. Initial bias remains neutral this week, and with 1.1499 support turned resistance intact, further decline is expected. On the downside, break of Read more…
USD/JPY is still bounded in consolidations pattern from 162.83. Initial bias remains neutral this week first. Another fall cannot be ruled out as the consolidations extends, but downside should be contained by 38.2% retracement of Read more…