EUR/USD’s fall from 1.1710 accelerated lower last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Initial bias is mildly on the downside this week for 55 D EMA (now at 1.1539). Decisive break there will argue that rebound from 1.1323 has completed as a three wave corrective […]
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USD/JPY’s rebound from 155.22 resumed by breaking through 159.76 last week. Initial bias is mildly on the upside this week for 61.8% retracement of 163.97 to 155.22 at 160.62. Strong resistance is expected there to Read more…
GBP/USD retreat from 1.3675 extended lower last week. Considering bearish divergence condition in 4H MACD, a short term top could be in place already. Break of 1.3518 minor support will bring deeper fall back to Read more…