EUR/USD edged lower to 1.1103 but quickly recovered. Initial bias remains neutral this week, and further fall is still expected with 1.1269 resistance intact. Break of 1.1103/11 will will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, firm break of 1.1269 will indicate short term bottoming, and bring stronger rebound to 55 D […]
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USD/JPY continued to stay in range below 159.02 last week. Initial bias remains neutral this week first. On the upside, above 159.02 will target 160.38. On the downside, firm break of firm break of 156.06 Read more…
GBP/USD’s rise from 1.3135 resumed with late breach of 1.3418. Initial bias is back on the upside this week for 61.8% retracement of 1.3675 to 1.3135 at 1.3469. Sustained break there will target 1.3675 resistance Read more…
USD/CHF’s rebound was capped at 0.8312 last week but failed to break through 0.8190 with subsequent fall. Initial bias remains neutral this week first. On the downside, firm break of 0.8190 will extend the corrective Read more…