Daily Pivots: (S1) 0.8542; (P) 0.8568; (R1) 0.8604; More… EUR/GBP’s strong break of 0.8617 resistance confirms resumption of rise from 0.8201. Intraday bias is now on the upside for 0.8697 medium term fibonacci level. Sustained break there will carry larger bullish implication and target next fibonacci level at 0.9003. On the downside, below 0.8593 minor […]
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AUD/USD’s late breach of 0.7221 last week suggests the recent up trend is resuming. Initial bias is mildly on the upside this week. Next target is 61.8% projection of 0.6420 to 0.7187 from 0.6832 at Read more…
USD/CAD’s fall from 1.3965 continued last week after brief recovery. Initial bias stays on the downside this week for retesting 1.3480 low. Decisive break there will resume whole down trend from 1.4791. For now, risk Read more…
GBP/JPY’s steep decline last week indicates medium term topping at 216.58, on bearish divergence condition in D MACD. But as a temporary low was formed at 210.43, initial bias is turned neutral this week first. Read more…