USD/CHF remains bounded in range below 0.8206 last week. Initial bias stays neutral this week for consolidations, and further rally is expected as long as 0.8029 support holds. Firm break of 0.8205 will extend the rally from 0.7603 to 161.8% projection 0.7603 to 0.8041 from 0.7600 at 0.8469. However, decisive break of 0.8029 will bring […]
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EUR/USD’s rally from 1.1323 continued last week despite brief setback. Initial bias is on the upside this week for 1.1621 cluster resistance (38.2% retracement of 1.2081 to 1.1323 at 1.1613). Decisive break there will solidify Read more…
USD/JPY rebounded after initial fall to 155.22, but failed to break through 38.2% retracement of 163.97 to 155.22 at 158.56 and reversed. Initial bias is mildly on the downside this week for retesting 155.22 low. Read more…