EUR/USD’s fall from 1.2081 resumed by breaking through 1.1506 last week. Initial bias stays on the downside this week for 38.2% retracement of 1.0176 to 1.2081 at 1.1353 next. Firm break there will target 61.8% Read more…
USD/JPY’s up trend from 139.87 resumed by breaking through 159.44 last week. Initial bias remains on the upside this week for retesting 161.94 high first. Firm break there will confirm larger up trend resumption and Read more…
After initial rebound, GBP/USD’s fall from 1.3867 resumed by breaking through 1.3252. Initial bias remains on the downside this week for 1.3008 structural support. Firm break there will carry larger bearish implication and target 1.2524 Read more…
USD/CHF’s rally from 0.7603 extended higher last week. The strong break of 55 D EMA (now at 0.7817) suggests that it’s already corrective whole down trend from 0.9200. Initial bias is on the upside this Read more…
AUD/USD edged higher to 0.7187 last week but fell sharply from there. Nonetheless, downside is contained above 0.6943 support so far. Initial bias remains neutral this week first, and further rally is in favor at Read more…
USD/CAD staged a strong rebound after initial dip to 1.3524 last week. But upside is still capped below 1.3751 resistance. Initial bias remains neutral this week first. On the upside, firm break of 1.3751 will Read more…
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GBP/JPY rose further to 213.28 last week. But subsequent selloff from there argue that the rebound fro 207.20 has completed as a three-wave corrective move. Initial bias is mildly on the downside this week for Read more…
Range trading continued in EUR/JPY last week and overall outlook is unchanged. Initial bias remains neutral this week first. On the downside, below 182.00 will target 180.78. Firm break there will indicate that fall from Read more…
EUR/GBP accelerated lower to 0.8615 last week but recovered just ahead of 0.8611 support. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 55 D EMA Read more…