AUD/USD’s rebound from 0.6864 resumed by breaking through 0.7026 last week. Initial bias stays mildly on the upside this week for 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083. On the downside, below 0.6988 minor support will turn intraday bias neutral again first. In the bigger picture, price action from 0.7277 medium term […]
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EUR/USD’s extended rebound suggests that fall from 1.2081 might have completed as a three wave correction at 1.1323. Initial bias remains on the upside this week for 1.1621 cluster resistance (38.2% retracement of 1.2081 to Read more…
USD/JPY’s steep decline last week confirms medium term topping at 163.97, on bearish divergence condition in D MACD. Fall from there is seen as correcting the whole rise from 139.87. Initial bias remains on the Read more…
GBP/USD rebounded strongly last week but upside is still capped below 1.3557 resistance. Initial bias remains neutral this week first. Overall, corrective pattern from 1.3867 is still extending. On the upside, break of 1.3557 will Read more…