GBP/USD’s break of 1.3271 support suggests that rebound from 1.3135 has completed as a corrective move at 1.3502. Intraday bias is back on the downside for retesting 1.3135 low first. On the upside, above 1.3354 minor resistance will turn intraday bias neutral. In the bigger picture, price actions from 1.3867 are a corrective pattern within […]
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USD/JPY remains near 160.00 on Thursday, having tested early September highs yesterday and today. Despite the yen’s attempts to recoup some losses, USD/JPY remains relatively stable above 159.50, so it is too early to speak Read more…
EUR/USD’s fall from 1.2081 resumed by breaking through 1.1103 low. Intraday bias is back on the downside for 1.0904 fibonacci level. For now, risk will stay on the downside as long as 1.1272 resistance holds, Read more…
USD/JPY’s rise from 152.87 resumed by breaking through 159.02. Intraday bias is now on the upside for 160.38 resistance first. Firm break there will pave the way to 100% projection of 152.87 to 159.02 from Read more…