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. Strong support is still expected from 155.01 cluster support to rebound. Overall, though, near term risk will stay on the […]
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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…