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Further rise remains in favor in USD/JPY. Sustained trading above 55 4H EMA (now at 159.19) will argue that fall from 163.97 has completed, and target 61.8% retracement of 163.97 to 155.22 at 160.62. On Read more…
Intraday bias in GBP/USD remains mildly on the upside at this point, and further rise should be seen to 1.3557 resistance. Firm break there will resume the rise from 1.3139 and target 100% projection of Read more…
Intraday bias in USD/CHF stays neutral as range trading continues. Further rally is expected as long as 0.8029 support holds. Firm break of 0.8205 will extend the rally from 0.7603 to 161.8% projection 0.7603 to Read more…
Whatever the inflation figures may be, the precious metal will come out on top. Japan and the US don’t want to give the yen’s fate to speculators. The US dollar continues to recover from the Read more…
Further rise is in favor in AUD/USD. Firm break of 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083 could prompt upside acceleration to 161.8% projection at 0.7183. On the downside, below 0.7020 minor Read more…
USD/CAD’s fall from 1.4247 is in progress and intraday bias stays on the downside for 61.8% retracement of 1.3480 to 1.4247 at 1.3773. Rebound from 1.3480 might have completed with three waves up to 1.4247 Read more…
GBP/JPY’s rally is in progress and intraday bias stays on the upside for 61.8% retracement of 219.56 to 209.55 at 215.73. Firm break there will pave the way to retest 219.56 high. On the downside, Read more…
Intraday bias in EUR/JPY remains mildly on the upside for 61.8% retracement of 187.93 to 179.34 at 184.64. Decisive break there will pave the way to retest 187.93 high. On the downside, below 182.67 minor Read more…
No change in EUR/GBP’s outlook and intraday bias remains neutral. While rebound from 0.9453 might extend, strong resistance should be seen from 0.8610 support turned resistance to limit upside. On the downside, break of 0.8528 Read more…