GBP/JPY stayed in range trading below 211.96 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 208.34 support will extend the larger decline through 206.85 to 206.10 key fibonacci level. On the upside, above 211.96 will resume the rebound from 206.85. In the bigger picture, price […]
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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 Read more…
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…