GBP/USD stayed in consolidation inside 1.2999/3297 last week and outlook is unchanged. Initial bias remains neutral first and further fall is mildly in favor. On the downside, firm break of 1.2999 will resume larger down Read more…
USD/CHF’s fall from 0.9459 extended to 0.9193 last week but quickly recovered again. Initial bias remains neutral this week first. Still, further decline is expected as long as 0.9380 resistance holds. On the downside, below Read more…
AUD/USD formed a temporary top at 0.7539 last week, ahead of 0.7555 resistance, and turned sideway. Initial bias remains neutral this week and more consolidations could be seen. But further rally is expected as long Read more…
USD/CAD dropped to 1.4248 last week but recovered since then. Initial bias remains neutral this week for some more consolidations. But outlook stays bearish as long as 1.2591 resistance holds. As noted before, corrective pattern Read more…
GBP/JPY rose further to 164.61 last week but retreated notably since then Initial bias remains neutral this week some consolidations. But outlook stays bullish with 158.04 resistance turned support intact, and further rally is expected. Read more…
EUR/JPY formed a temporary top at 137.50 last week, after hitting 137.49 long term resistance, and turned sideway. Initial bias remains neutral first. As long as 133.70 support holds, further rally is still expected. On Read more…
EUR/GBP rose further to 0.8511 last week but retreated sharply since then. Initial bias remains neutral this week first. Prior break of 0.8476 suggests short term bottoming at 0.8201. Further rise will remain in favor Read more…
EUR/AD recovered to 1.4940 last week but retreated since then. Initial bias is neutral this week work. It’s seen as extending the consolidation pattern from 1.4561 and more sideway trading could be seen. But after Read more…
EUR/CHF stayed in range of 1.0184/0400 last week and outlook is unchanged. Initial bias remains neutral first and more sideway trading could be seen. On the upside, break of 1.0400 will resume the rebound from Read more…
There were a couple of developments of last week to note. Firstly, US yield curve inverted for the first time since 2019. There is no reason to panic for the moment, but deeper inversion could Read more…