GBP/JPY recovered but stayed in range of 206.85/211.25 last week. 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 Read more…
EUR/JPY stayed in range above 176.19 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of another fall, strong support is expected from 175.26/41 to bring rebound. Considering bullish Read more…
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 Read more…
EUR/AUD edged lower to 1.5951 last week then rebounded, but lost momentum after hitting 1.6264. Initial bias remains neutral this week first. Above 1.6264 will target 1.6334 resistance. Considering bullish divergence condition in D MACD, Read more…
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EUR/CHF’s fall from 0.9485 resumed by breaking through 0.9258 support last week. Initial bias is now on the downside this week for 61.8% retracement of 0.8979 to 0.9485 at 0.9172. On the upside, above 0.9288 Read more…
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Persistent core inflation strengthens the case for further Fed tightening. December appears the more likely timing for another US rate increase. Hawkish ECB comments also point towards another hike before year-end. EUR/USD may depend on Read more…