Daily Pivots: (S1) 1.2126; (P) 1.2266; (R1) 1.2491; More… GBP/USD’s rebound from 1.1932 extends higher today but stays below 1.2666 resistance. Intraday bias remains neutral first and outlook stays bearish. Break of 1.1932 will resume larger down trend from 1.4248. However, firm break of 1.2666 will suggest medium term bottoming and bring stronger rebound back […]
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EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
USD/JPY’s steep decline last week indicates medium term topping at 160.71, on bearish divergence condition in D MACD. But as a temporary low should be formed at 155.48, initial bias is turned neutral this week Read more…
GBP/USD’s rise from 1.3158 resumed last week but a temporary top should be formed after hitting 1.3657. Initial bias is turned neutral this week for consolidations first. Further rally is expected as long as 1.3453 Read more…