GBP/JPY still staying in tight range of 120.75/122.56 and intraday bias remains neutral. With 120.75 minor support intact, another rise cannot be ruled yet. But after all, the choppy structure and weak momentum of rise from 119.37 suggests that it’s me…
As noted before, EUR/JPY’s recovery from 102.48 should have finished at 105.54. Intraday bias remains on the downside for 102.48 support. Break will confirm resumption of whole decline from 111.57 and should target a test on 100.74 low next. On the ups…
Despite edging higher to 1.0377, AUD/USD reversed and dropped sharply. The development argues that rebound from 0.9663 might be finished already. Intraday bias is back on the downside for 0.9942 minor support. Break there will indicate that fall from 1…
The break of 1.0206 minor resistance suggests that a short term bottom is formed at 1.0051. Intraday bias is back on the upside and stronger rally should be seen back towards 1.0052 resistance. Meanwhile, near term outlook is turned neutral. On the ups…
Intraday bias in EUR/USD remains neutral for the moment. Another decline is still in favor with 1.3614 resistance intact. Below 1.3259 will indicate that choppy recovery from 1.3212 is finished and recent fall from 1.4246 is ready to resume. In such ca…
Intraday bias in USD/CHF remains neutral for the moment as consolidation continues. On the upside, break of 0.9330 will confirm resumption of rise from 0.8567. Also, this will indicate that whole rise from 0.7065 is still in progress and should target …
Intraday bias in USD/JPY remains neutral for the moment. On the upside, above 78.09 will flip bias to the upside to extend the rise from 76.57. But we’d expect strong resistance below 79.52 to limit upside and bring another fall to extend the consolida…
GBP/USD continues to stay in range of 1.5561/5779 and intraday bias remains neutral for the moment. On the upside, break of 1.5779 will resume the rebound from 1.5422 and target 1.5887 resistance. Break of 1.5887 will confirm completion of fall from 1….
GBP/USD failed to break through 1.5779 resistance and weakened sharply again. After all, it’s still staying in range of 1.5561/5779 and intraday bias remains neutral for the moment. On the upside, break of 1.5779 will resume the rebound from 1.5422 and…
At this point, USD/CHF is still staying in established range below 0.9330 and intraday bias remains neutral. On the upside, break of 0.9330 will confirm resumption of rise from 0.8567. Also, this will indicate that whole rise from 0.7065 is still in pr…
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