No change in USD/JPY’s outlook. While rebound from 155.22 could extend higher, strong resistance is expected from 61.8% retracement of 163.97 to 155.22 at 160.62 to limit upside. On the downside, below 159.39 minor support Read more…
Intraday bias in GBP/USD is back on the downside with break of 1.3518 support. Sustained break of 55 D EMA (now at 1.3473) will will indicate that whole rebound from 1.3139 has completed. Deeper fall Read more…
Intraday bias in USD/CHF remains on the upside for retesting 0.8205 high. Firm break there will extend larger rally from 0.7603. Next target is 100% projection of 0.7760 to 0.8205 from 0.7948 at 0.8393. On Read more…
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Break of 0.7136 support suggests that fall from 0.7207 short term top is at least correcting the rise from 0.6864. Intraday bias is back on the downside for 38.2% retracement of 0.6864 to 0.7207 at Read more…
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USD/CAD’s rise from 1.3730 resumed today and intraday bias is back on the upside. Sustained break of 38.2% retracement of 1.4247 to 1.3730 at 1.3927 will argue that fall from 1.4247 has already completed at Read more…
GBP/JPY’s pullback from 217.45 extends lower today but downside is contained above 214.80 support. Intraday bias remains neutral and further rally is still in favor. Above 217.45 will target a retest on 219.56 high. However, Read more…
EUR/JPY’s pullback from 186.00 extends lower today but downside is contained well above 183.90. Intraday bias remains neutral and further rally is expected. On the upside, above 186.00 will resume the rally from 179.34 to Read more…
Intraday bias in EUR/GBP remains neutral as range trading continues. Rebound from 0.8453 is seen as a corrective bounce. In case of another rise, strong resistance should be seen from 0.8610 support turned resistance to Read more…