Intraday bias in USD/JPY remains on the downside for 80.29. Break will confirm resumption of the choppy fall from 84.17 and should target 84.17 to 61.8% retracement of 76.02 to 84.17 at 79.13. On the upside, though, break of 81.77 will indicate that …
GBP/USD’s rally extends further to as high as 1.6257 so far today and showed sign of acceleration by taking out upper trendline resistance. Intraday bias remains on the upside for 100% projection of 1.5234 to 1.5991 from 1.5602 at 1.6359 first. Also, t…
At this point, GBP/JPY continues to stay in tight range below 131.79 and intraday bias remains neutral. Another rise is mildly in favor with 129.83 minor support intact. Above 131.79 will target 133.48 first. Break will confirm resumption of whole rise…
The break of 106.31 minor support argues that rebound from 104.61 is already finished at 108.00 and intraday bias is flipped back to the downside for retesting this support first. Break will resume the whole decline from 111.43. On the upside, though, …
EUR/GBP’s fall resumed after brief consolidation and reaches as low as 0.8133 so far today. Intraday bias is back on the downside for 61.8% projection of 0.8830 to 0.8221 from 0.8505 at 0.8129, and then 0.8067 support. On the upside, break of 0.8221 re…
Break of 0.9865 minor resistance suggests that a temporary low is in place at 0.9806 and intraday bias is turned neutral first. Some consolidations could be seen. Firstly, near term outlook remains bearish as long as 0.9978 resistance holds and break o…
AUD/USD continues to stay in range of 1.0225 and 1.0452 and intraday bias remains neutral for the moment. On the upside, break of 1.0452 will suggest that decline from 1.0852 is finished at 1.0225 already. In such case, stronger rally should be seen to…
EUR/USD formed a temporary top at 1.3262 and intraday bias is turned neutral for the moment. After all, recent price actions remain indecisive as seen with the pair bounded in converging range since 1.3486. Breakout from 1.2994/3385 zone is needed to c…
GBP/USD loses some upside momentum with 4 hours MACD crossed below signal line. But near term outlook remains bullish with 1.6076 minor support intact and stronger rally is still expected. Sustained trading above 1.6165 key resistance will confirm that…
USD/CHF formed a temporary low at 0.9057 and recovered. Recent price actions are indecisive, as seen with the pair bounded in converging range since 0.8930. Break of 0.9251 or 0.9001 is needed to clear the near term outlook. Otherwise, we’ll stay neutr…
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