EUR/JPY’s rebound from 156.16 extended higher last week and the development dampened the original bearish view. Sideway pattern from 154.40 might still be in progress, and is extending with another rising leg. Initial bias is mildly on the upside this week. Sustained break of 55 D EMA (now at 161.69) will pave the way to […]
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Dollar ended as the strongest performer last week, boosted by a surge in U.S. Treasury yields following persistent inflation data. Despite expectations of another 25bps rate cut at the upcoming FOMC meeting, stubborn price pressures Read more…
EUR/USD gyrated lower last week but recovered again after hitting 1.0452. Initial bias stays neutral this week first. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 D Read more…
USD/JPY’s stronger than expected rebound last week suggests that correction from 156.74 has completed at 148.64. Initial bias remains on the upside this week for retesting 156.74 first. Firm break there will resume whole rally Read more…