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EUR/USD stayed in sideway consolidations last week and outlook is unchanged. Initial bias remains neutral this week first, and further decline is expected with 1.1276 resistance intact. . Below 1.1111 will extend larger fall from Read more…
USD/JPY fell sharply last week but recovered after breaching 156.36 support briefly. Initial bias remains neutral this week first. On the downside, firm break of firm break of 156.36 will argue that rebound from 152.87 Read more…
GBP/USD rose further to 1.3418 last week but retreated. Initial bias remains neutral this week first. Fall from 1.3675 should have completed at 1.3135 already. Further rise is expected as long as 1.3294 support holds. Read more…
USD/CHF’s fall from 0.8394 extended to 0.8190 last week but recovered. Initial bias is turned neutral this week first. Below 0.8190 will target 38.2% retracement of 0.7603 to 0.8394 at 0.8092. On the upside, above Read more…
AUD/USD’s strong rebound last week indicates short term bottoming at 0.6893. With late breach of 0.7035 temporary top, initial bias is back on the upside. Sustained break of 38.2% retracement of 0.7237 to 0.6893 at Read more…
USD/CAD’s fall from 1.4298 continued last week and met 38.2% retracement of 1.3730 to 1.4298 at 1.4081 already. Initial bias stays on the downside this week, sustained break there will target 61.8% retracement at 1.3792 Read more…
GBP/JPY rose to 211.96 last week but retreated since then. Initial bias remains neutral this week first. On the downside, break of 208.34 support will extend the larger decline through 206.85 to 206.10 key fibonacci Read more…
EUR/JPY resumed by breaking through 176.19 last week. Initial bias stays on the downside this week with focus on 175.26/41 support zone. Strong rebound from there, followed by firm break of 177.95 resistance will indicate Read more…