Intraday bias in GBP/JPY remains neutral as range trading continues. For now, risk will stay on the downside as long as 38.2% retracement of 219.56 to 207.06 at 211.83 holds. Firm break of 207.06 will extend the fall from 219.56 to 206.10 fibonacci support. In the bigger picture, price action from 219.56 is seen as […]
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EUR/USD edged lower to 1.1159 last week and breached 100% projection of 1.1848 to 1.1323 from 1.1710 at 1.1185, then turned sideway. Initial bias remains neutral this week and further decline is expected. Below 1.1159 Read more…
USD/JPY continued to stay in sideway trading last week. Initial bias remains neutral this week and further rise is mildly in favor as long as 156.36 support holds. Above 159.02 will extend the rebound from Read more…
GBP/USD stayed in range trading above 1.3179 last week. Initial bias remains neutral this week and further decline is in favor as long as 1.3310 resistance holds. Below 1.3179 will extend the fall from 1.3675 Read more…