USD/JPY edged higher to 159.64 last week but retreated since then. Rise from 155.01 is seen as the second leg of the corrective pattern from 160.71. While another rally cannot be ruled out, strong resistance Read more…
GBP/USD rebounded to 1.3508 last week but turned sideway since then. Initial bias remains neutral this week first. On the upside, above 1.3508 will extend the rebound from 1.3300 to 1.3657 resistance first. On the Read more…
The late break of 0.7807 support suggests that USD/CHF’s corrective rebound has completed. Initial bias is back on the downside this week for retesting 0.7760 first. Firm break there will resume the fall from 0.8041. Read more…
AUD/USD’s late break of 0.7183 resistance suggests that pullback from 0.7277 has already completed at 0.7076, after defending 55 D EMA. Initial bias is back on the upside this week for retesting 0.7277 high first. Read more…
USD/CAD retreated after rising to 1.3868 last week. Initial bias remains neutral this week first. Further rise is expected with 1.3729 support intact. Rise from 1.3549 is seen as the third leg of the pattern Read more…
GBP/JPY edged higher to 214.66 last week but retreated since then. Initial bias remains neutral this week first. On the upside, above 214.66 will extend the rebound from 210.43 to retest 216.58 high. Strong resistance Read more…
EUR/JPY’s rally from 182.01 resumed and continued last week despite interim retreat. Initial bias is back on the upside this week for retesting 187.93 high. Strong resistance would be seen from there to bring reversal, Read more…
EUR/GBP continued to engage in sideway trading last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, decisive break of 0.8610 support will revive the case of bearish trend Read more…
EUR/AUD stayed in sideway taring between 1.6108/6381 last week and outlook is unchanged. Initial bias remains neutral this week first. Rise from 1.6108 is seen as the third leg of the corrective pattern from 1.6125. Read more…
EUR/CHF attempted for recovery last week but failed after rejection by 55 D EMA (now at 0.9159). As downside is contained above 0.9094 temporary low, initial bias stays neutral this week first. Outlook is unchanged Read more…