GBP/JPY edged higher to 217.45 last week but turned sideway since then. Initial bias remains neutral this week for more consolidations. But further rally is expected as long as 214.80 support holds. On the upside, above 217.45 will extend the rise from 209.55 to retest 219.56 high next. In the bigger picture, strong rebound above […]
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EUR/USD’s fall from 1.1710 accelerated lower last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Initial bias is mildly on the downside this week for 55 D Read more…
USD/JPY’s rebound from 155.22 resumed by breaking through 159.76 last week. Initial bias is mildly on the upside this week for 61.8% retracement of 163.97 to 155.22 at 160.62. Strong resistance is expected there to Read more…