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EUR/USD fell further to 1.1323 last week but recovered after breaching 1.1353 fibonacci level briefly. Initial bias remains neutral this week for consolidations. Further fall is expected as long as 1.1499 support turned resistance holds. Read more…
USD/JPY edged high last week but failed to break through 161.94 key resistance. Initial bias remains neutral this week first. On the downside, firm break of 160.58 support should confirm short term topping, on bearish Read more…
GBP/USD’s break of 1.3158 support suggests that fall from 1.3867 is resuming. But as a temporary low was formed at 1.3139, initial bias is neutral this week for some consolidations first. Upside should be limited Read more…
USD/CHF rose further to 0.8139 last week but retreated since then. Initial bias remains neutral this week for some consolidations. Downside should be contained by 0.8012 resistance turned support to bring another rally. Above 0.8139 Read more…
AUD/USD’s fall from 0.7277 continued last week. There is no clear sign of bottoming yet despite loss of momentum as seen in 4H MACD. Further decline is expected as long as 0.6977 support turned resistance Read more…
USD/CAD rose further to 1.4247 last week but retreated mildly since then. Initial bias remains neutral this week for consolidations. While deeper pullback cannot be ruled out, downside should be contained above 1.3965 resistance turned Read more…
GBP/JPY turned into sideway trading last week. Initial bias remains neutral this week first. On the downside, below 212.36 will affirm the case that rebound from 210.43 has completed as a correction. Deeper fall would Read more…
EUR/JPY fell further to 183.14 last week but recovered since then. Initial bias stays neutral this week first. Fall from 186.30 is seen as the third leg of the pattern from 187.93. Below 183.14 will Read more…
EUR/GBP edged lower to 0.8601 last week but failed to sustain below 0.8618 fibonacci level and recovered. Initial bias remains neutral this week first. Risk will now be mildly on the downside as long as Read more…