USD/CHF edged higher to 0.8156 last week but retreated since then. After all, it’s bounded in range of 0.7948/8205 despite the volatility. Initial bias is turned neutral this week first. Rise from 0.7603 should still be in progress, and firm break of 0.8205 will confirm resumption. Nevertheless, break of 0.7948 will dampen this bullish view. […]
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EUR/USD dipped to 1.1565 last week but recovered. Initial bias remains neutral this week first. On the downside, sustained break of 55 D EMA (now at 1.1555) will argue that rebound from 1.1323 has completed Read more…
USD/JPY fell sharply last week and there is no clear sign of bottoming yet. Initial bias stays on the downside this week with focus on 154.76/155.01 key support zone. Strong support is expected from the Read more…