Outlook is unchanged in EUR/GBP as range trading continues. Initial bias remains neutral this week first. While rebound from 0.9453 might extend, strong resistance should be seen from 0.8610 support turned resistance to limit upside. On the downside, break of 0.8528 support will argue that the corrective rebound from 0.8453 has completed, and turn bias […]
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EUR/USD’s rebound from 1.1323 continued last week despite loss of momentum. Initial bias is mildly 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 Read more…
USD/JPY’s rebound from 155.22 lost momentum after hitting 55 4H EMA (now at 159.22). While another rise might still be seen, strong resistance could emerge from 159.59 to 160.62 zone (50% and 61.8% retracement of Read more…
GBP/USD’s rebound from 1.3272 extended higher last week after brief retreat. Initial bias is back on the upside this week. Firm break of 1.3557 will extend the rise from 1.3139 to 100% projection of 1.3139 Read more…