EUR/USD Mid-Day Outlook
Mon, 30/01/12 – 14:44 | Comments Off

Touching of 1.3077 minor support indicates that a temporary top is in place ahead of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 and intraday bias is turned neutral. Focus is back on 1.2931 minor support. Break there will indicate that corrective r…

EUR/USD Mid-Day Outlook
Mon, 30/01/12 – 14:44 | Comments Off

Touching of 1.3077 minor support indicates that a temporary top is in place ahead of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 and intraday bias is turned neutral. Focus is back on 1.2931 minor support. Break there will indicate that corrective r…

GBP/USD Mid-Day Outlook
Mon, 30/01/12 – 14:41 | Comments Off

A temporary top is in place at 1.5740 and intraday bias is turned neutral for the moment. Failure below 1.5779 resistance followed by break of 1.5527 will indicate completion of the rebound from 1.5234 and should flip bias back to the downside for rete…

GBP/USD Mid-Day Outlook
Mon, 30/01/12 – 14:41 | Comments Off

A temporary top is in place at 1.5740 and intraday bias is turned neutral for the moment. Failure below 1.5779 resistance followed by break of 1.5527 will indicate completion of the rebound from 1.5234 and should flip bias back to the downside for rete…

USD/CHF Mid-Day Outlook
Mon, 30/01/12 – 14:35 | Comments Off

A temporary low should be in place in USD/CHF at 0.9114 and intraday bias is turned neutral. Recovery from there might extend towards 4 hours 55 EMA (now at 0.9281) but upside should be limited by 38.2% retracement of 0.9594 to 0.9914 at 0.9792 and bri…

USD/CHF Mid-Day Outlook
Mon, 30/01/12 – 14:35 | Comments Off

A temporary low should be in place in USD/CHF at 0.9114 and intraday bias is turned neutral. Recovery from there might extend towards 4 hours 55 EMA (now at 0.9281) but upside should be limited by 38.2% retracement of 0.9594 to 0.9914 at 0.9792 and bri…

USD/JPY Mid-Day Outlook
Mon, 30/01/12 – 14:00 | Comments Off

USD/JPY dips further to as low as 76.58 in early US session and intraday bias remains on the downside for 76.55 support. Decisive break there will confirm the whole decline from 79.52 has resumed and should target test on 75.56 low. On the upside, thou…

EUR/GBP Daily Outlook
Mon, 30/01/12 – 7:12 | Comments Off

EUR/GBP’s consolidation from 0.8221 is still in progress and further rise could still be seen to 0.8420 resistance and above. But after all, we’d expect upside to be limited by 38.2% retracement of 0.8830 to 0.8221 at 0.8454 and bring fall resumption e…

GBP/JPY Daily Outlook
Mon, 30/01/12 – 7:06 | Comments Off

Intraday bias in GBP/JPY remains neutral for the moment but another rise is still mildly in favor with 119.19 minor support intact. As noted before, rise from 117.29 is viewed as the third leg of the consolidation pattern from 116.83. Above 122.04 will…

EUR/JPY Daily Outlook
Mon, 30/01/12 – 7:05 | Comments Off

Intraday bias in EUR/JPY remains neutral for the moment and retreat from 102.20 temporary top could extend lower to 4 hours 55 EMA (now at 100.39) and below. Rebound from 97.03 is treated as a correction in the whole fall from 123.31. As long as 99.13 …