EUR/GBP edged higher last week but failed to sustain above 0.8610 support turned resistance. Initial bias remains neutral and outlook stays bearish. On the downside, break of 0.8551 support will indicate that corrective bounce from 0.8453 has completed, and bring retest of this low first. However, sustained break of 0.8610 will dampen this bearish view […]
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EUR/USD fell further to as low as 1.1358 last week but recovered just ahead of 1.1323/53 key support zone. Initial bias stays neutral this week first. On the upside, firm break of 1.1495 resistance should Read more…
USD/JPY rebounded further to 159.02 last week but retreated since then. Initial bias remains neutral this week first. Above 159.02 will target 61.8% retracement of 163.97 to 152.87 at 159.72. However, firm break of 156.81 Read more…
GBP/USD’s fall from 1.3675 continued last week but recovered after hitting 1.3203. Initial bias is turned neutral this week or consolidations. Further fall is expected as long as 1.3334 support turned resistance holds. Below 1.3203 Read more…