EUR/CHF edged higher to 0.9478 last week but lost momentum again. Initial bias turned neutral this week first. Considering bearish divergence condition in 4H MACD, a short term top could be formed. Break of 0.9420 support will confirm and bring deeper fall to near term channel floor (now at 0.9387) first. Nevertheless, above 0.9478 will […]
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GBP/JPY’s strong rebound last week confirms short term bottoming at 207.06. However, it stalled at 211.25 and retreated. Initial bias is turned neutral this week first. Still, risk will stay on the upside as long Read more…
EUR/JPY’s strong rebound last week confirmed short term bottoming at 177.82. However, subsequent rebound stalled at 181.53 and retreated. Initial bias stays neutral this week first. Risk of another rise remains as long as 177.82 Read more…
EUR/GBP’s volatility increased last week but was still bounded in established range. Initial bias stays neutral and outlook is unchanged. Strong resistance is still expected from 0.8610 to complete the corrective bounce from 0.8453. On Read more…