USD/CAD’s steep decline last week suggests that rise from 1.3538 has already completed at 1.4139. Initial bias remains on the downside this week for 61.8% retracement of 1.3538 to 1.4139 at 1.3768. Firm break there Read more…
GBP/JPY edged higher to 207.34 but quickly retreated. Initial bias stays neutral this week first, but further rise is expected as long as 205.17 support holds. Break of 207.34 will resume the rally from 184.35 Read more…
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EUR/JPY stayed in established range below 181.98 last week and outlook is unchanged. Initial bias remains neutral this week first, and further rally is expected with 179.74 support intact. On the upside, break of 181.98 Read more…
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EUR/GBP’s fall from 0.8863 extended last week and the break of 55 D EMA (now at 0.8745) should confirm rejection by 0.8867 key fibonacci level. Initial bias stays on the downside this week for 0.8631 Read more…
EUR/AUD’s steep decline and solid break of 1.7561 support confirms resumption of fall from 1.8160. More importantly the whole pattern from 1.8554 should now be in its third leg. Initial bias stays on the downside Read more…
EUR/CHF’s rally from 0.9278 short term bottom resumed last week and the development solidify that case that fall from 0.9660 has completed. Initial bias stays on the upside this week for 0.9452 key structural resistance. Read more…
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