Despite interim recovery, EUR/GBP’s down trend continued last week by breaking through 0.8425 temporary low on Friday. Initial bias is back on the downside this week. Next target is 100% projection of 0.8728 to 0.8453 from 0.8611 at 0.8336. Risk will now stay on the downside as long as 0.8476 resistance holds, in case of […]
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EUR/USD recovered after edging lower to 1.1111, but upside is capped by 1.1276 resistance. Initial bias remains neutral this week and further fall is in favor. Below 1.1111 will extend larger fall from 1.2081 to Read more…
USD/JPY stayed in range of 156.36/159.02 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rise is mildly in favor as long as 156.36 support holds. Above 159.02 will extend Read more…
Because of the 737 MAX saga and FAA scrutiny that has followed Boeing (BA), many people have labeled its products as troubled commercial airplanes. But that isn’t a complete picture, because Boeing is also a defense company, Read more…