GBP/JPY formed a temporary low at 130.00 and intraday bias is turned neutral first. Pull back from 133.48 short term top could extend lower. But But downside is expected to be contained by 126.54 support and bring rebound. Rise from 117.29 is expected …
EUR/JPY formed a temporary low at 108.48 and recovered and intraday bias is turned neutral first. At this point, correction from 111.43 short term top could continue with another fall below 108.48. But after all, downside is expected to be contained by…
EUR/USD attempted to end the recovery from 1.3003 last week but downside was contained at 1.3138 and such recovery resumed. Initial bias is mildly on the upside this week and break of 1.3290 will target a test on 1.3486 resistance. Break there will con…
USD/JPY’s correction from 84.17 extended lower last week and initial bias remains on the downside this week for 81.86 support. At this point, we’d expect strong support from 80.58/81.86 support zone to contain downside and bring rebound. Rally from 76….
GBP/USD edged higher to 1.5922 last week but turned sideway since then. Initial bias is neutral this week first. With 1.5747 minor support intact, we’d slightly favor further upside ahead and break of 1.5922 will target 1.5991 resistance first. Break w…
USD/CHF attempted to recover last week but was limited at 0.9174 and weakened again. Initial bias is mildly on the downside this week and further fall would be seen towards 0.8930 low. Break there will indicate resumption of whole decline from 0.9594 a…
AUD/USD’s fall from 1.0852 resumed last week and dived to as low as 1.0336 before forming a temporary bottom there and recovered. Initial bias remains neutral this week for some consolidations. But recovery is expected to be limited below 1.0636 resist…
We’re favoring the case that fall from 1.0522 is finished at 0.9841 on mild bullish convergence condition in daily MACD. Initial bias is mildly on the upside this week for 100% projection of 0.9841 to 1.0028 from 0.9860 at 1.0047 and then 161.8% projec…
GBP/JPY jumped to as high as 133.48 last week for lost momentum and formed a short term top there. Initial bias is mildly on the downside this week for deeper pull back. But downside is expected to be contained by 126.54 support and bring rebound. Rise…
EUR/JPY rose further to as high as 111.43 last week but failed strong resistance ahead of 111.57 and formed a short term top there. Initial bias is mildly on the downside this week for extending the pull back from 111.43. But downside si expected to be…
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