Immediate focus is now on 1.1408 support in EUR/USD after last week’s decline. Firm break there will resume whole fall from 1.2081 and target 100% projection of 1.2081 to 1.1408 from 1.1848 at 1.1175. On Read more…
USD/JPY’s rise from 139.87 resumed by breaking through 160.71 last week. Initial bias stays on the upside this week for 161.94 high first. Firm break there will target 100% projection of 152.25 to 160.71 from Read more…
With last week’s extended decline, immediate focus in GBP/USD is now on 1.3158 support. Decisive break there will resume whole fall from 1.3867 to 100% projection of 1.3867 to 1.3158 from 1.3657 at 1.2948. On Read more…
USD/CHF’s strong rise and break of 0.8041 resistance last week confirmed resumption of whole rally from 0.7603. Initial bias stays on the upside this week for 100% projection 0.7603 to 0.8041 from 0.7600 at 0.8198 Read more…
AUD/USD retreated after brief recovery to 0.7087 last week, but then stayed in range above 0.6977. Initial bias remains neutral this week first. On the downside, break of 0.6977 will resume the fall from 0.7277 Read more…
USD/CAD’s strong extended rally last week suggests that it’s already revering the down trend from 1.4791. Initial bias remains on the upside this week for 61.8% retracement of 1.4791 to 1.3480 at 1.4290. On the Read more…
GBP/JPY’s extended decline last week suggests that rebound from 210.43 could have completed at 215.59 already. Initial bias stays mildly on the downside this week for 211.23 support first. Firm break there will target 210.43. Read more…
EUR/JPY reversed after edging higher to 186.30 last week, but failed to break through 183.95 support. Initial bias remains neutral this week first. On the downside, firm break of 183.95 will argue that rebound from Read more…
EUR/GBP rebounded last week, but failed to sustain above 0.8680 resistance. Initial bias remains neutral this week first. On the upside, firm break of 0.8680 will bring further rally back to 0.8278 resistance. Decisive break Read more…
EUR/AUD’s extended fall last week argues that rebound from 1.6108 has completed as a three wave corrective move to 1.6518. Initial bias is mildly on the downside this week for 1.6186 support first. Break will Read more…