Range trading continued in USD/CHF last week and outlook is unchanged. Initial bias remains neutral this week first. With 0.8029 support intact, further rally is expected. On the upside, firm break of 0.8205 will extend the rise 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 […]
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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…