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EUR/USD’s rebound stalled after hitting 1.1928 last week and retreated. Initial bias stays neutral this week first. On the upside, above 1.1928 will target a retest on 1.2081 high. Decisive break there and sustained trading Read more…
USD/JPY fell sharply last week but the decline lost momentum ahead of 152.07 support. Intial bias stays neutral this week first. With 38.2% retracement of 139.87 to 159.44 at 151.96 intact, price actions from 159.44 Read more…
GBP/USD stayed in range above 1.3507 last week and outlook is unchanged. Initial bias stays neutral this week first. On the upside, firm break of 1.3732 will suggest that pullback from 1.3867 has completed as Read more…
USD/CHF stayed in consolidations from 0.7603 last week. Initial bias stays neutral this week first. Stronger rebound cannot be ruled out but upside should be limited by 55 D EMA (now at 0.7861) to complete Read more…
AUD/USD edged higher to 0.7146 last week, but subsequent retreat indicates short term topping, on bearish divergence condition in 4H MACD. Initial bias remains neutral this week for consolidations, and deeper retreat might be seen. Read more…
USD/CAD extended the consolidation pattern from 1.3480 last week. Initial bias stays neutral this week first. While stronger rebound cannot be ruled out, upside should be limited by 55 D EMA (now at 1.3752) to Read more…
GBP/JPY’s fell sharply last week but the decline halted after hitting 38.2% retracement of 197.47 to 214.98 at 208.29. Initial bias is neutral this week first. On the downside, sustained break of 208.29 will suggest Read more…
EUR/JPY fell sharply last week but the declined stalled after hitting 38.2% retracement of 172.24 to 186.86 at 181.27. Initial bias is neutral this week first. On the downside, sustained break of 181.27 will argue Read more…
EUR/GBP edged higher last week but failed to break through 0.8744 resistance. Initial bias remains neutral this week first. Firm break of 0.8744 will indicate that fall from 0.8863 has completed as a correction. Further Read more…