Daily Pivots: (S1) 193.63; (P) 195.58; (R1) 196.97; More… Intraday bias in GBP/JPY remains neutral for the moment. Further rise is still in favor with 194.04 minor support intact. Corrective pattern from 180.00 is extending with another rising leg. On the upside, above 1999.79 will will target channel resistance (now at 203.90). However, firm break […]
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Dollar Index started the new year with a pronounced surge. Sterling, Euro, and Swiss Franc bore the brunt of this strength, reflecting the sluggish economic outlook in Europe and ongoing concerns about the impact of Read more…
EUR/USD’s decline from 1.1213 resumed by breaking through 1.0330 support last week. A temporary low might be formed at 1.0223 and initial bias is turned neutral this week first. But further decline is expected as Read more…
USD/JPY stayed in sideway consolidations last week. Initial bias remains neutral this week first. Break of 158.06 will resume the rally from 139.57 to 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Firm Read more…