USD/JPY retreated notably after edging higher to 160.58 last week. Considering bearish divergence condition in 4H MACD, a short term top could be formed ahead of 160.71 key resistance. On the downside, break of 159.54 will bring deeper pullback to 38.2% retracement of 155.01 to 160.58 at 158.45. However, decisive break of 160.71 will confirm […]
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EUR/USD edged lower to 1.1499 last week but recovered since then. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 1.1685 resistance holds. Break of 1.1499 will Read more…
GBP/USD failed to break through 1.3300 support last week as sideway trading continued. Initial bias remains neutral this week first. Risk will stay mildly on the downside as long as 1.3508 resistance holds. Firm break Read more…