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 zone to bring rebound. But decisive break there will carry larger bearish implications. On the upside above 157.35 minor resistance […]
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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…
GBP/USD’s pullback from 1.3675 extended lower last week but recovered after hitting 1.3473. Initial bias remains neutral this week first. On the downside, sustained break of 55 D EMA (now at 1.3475) will indicate that Read more…