EUR/JPY’s strong rebound last week confirmed short term bottoming at 177.82. However, subsequent rebound stalled at 181.53 and retreated. Initial bias stays neutral this week first. Risk of another rise remains as long as 177.82 holds. Firm break of 38.2% retracement of 187.93 to 181.68 will target 61.8% retracement at 184.06 next. In the bigger […]
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GBP/JPY’s strong rebound last week confirms short term bottoming at 207.06. However, it stalled at 211.25 and retreated. Initial bias is turned neutral this week first. Still, risk will stay on the upside as long Read more…
EUR/GBP’s volatility increased last week but was still bounded in established range. Initial bias stays neutral and outlook is unchanged. Strong resistance is still expected from 0.8610 to complete the corrective bounce from 0.8453. On Read more…