USD/JPY’s steeper and deeper than expected decline last week suggests that rise from 112.52 has completed at 116.34 already. But as a temporary low was formed at 113.47, initial bias is turned neutral this week Read more…
GBP/USD’s rise from 1.3158 extended to as high as 1.3748 last week. As a temporary top was formed there, initial bias is neutral this week first. Downside of retreat should be contained by 1.3489 support Read more…
USD/CHF dropped sharply to as low as 0.9090, after rising to 0.9276 last week. As a temporary low was formed, initial bias is neutral this week first. On the downside, firm break of 0.9084 support Read more…
AUD/USD’s rebound from 0.6992 resumed last week and hit 0.7313, but retreated sharply since then. Initial bias is turned neutral first. We’re still slightly favoring the case that correction from 0.8006 is complete after defending Read more…
USD/CAD dropped to 1.2452 last week before forming a temporary low there and recovered. Initial bias is neutral this week for some consolidations first. But risk will stay on the downside as long as 1.2812 Read more…
GBP/JPY stayed in consolidation from 157.74 last week. Initial bias remains neutral this week first. Further rally is expected with 154.86 support intact. On the upside, decisive break of 158.19 high will resume larger up Read more…
EUR/JPY dipped to 129.76 last week but quickly recovered, initial bias is neutral this week first. On the downside break of 129.59 minor support will argue that rebound from 127.36 has completed and turn bias Read more…
EUR/GBP edged lower to 0.8322 last week but turned sideway. Initial bias remains neutral this week first. Upside of recovery should be limited by 0.8417 resistance to bring another decline. On the downside, break of Read more…
EUR/AUD stayed in range of 1.5550/5898 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support Read more…
EUR/CHF’s rebounded from 1.0324 short term bottom extended to 1.0510 last week but retreated since then. Initial bias remains neutral this week first. Another rise cannot be ruled out yet. But upside should be limited Read more…