GBP/JPY edged lower to 206.85 last week but quickly recovered. Initial bias remains neutral this week first. While another fall cannot be ruled out, strong support should be seen from 206.10 fibonacci level to bring rebound. Break of 211.25 resistance should indicate short term bottoming. However, decisive break of 206.10 will carry larger bearish implications. […]
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EUR/USD’s fall from 1.1710 extended through 1.1323/53 key support zone last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 100% projection of 1.1848 to 1.1323 Read more…
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