Intraday bias in USD/CHF remains on the upside for 0.9300 resistance. As noted before, fall from 0.9594 has likely completed with three waves down to 0.8930 already. Break of 0.9300 will confirm the bullish case and target a test on 0.9594. Also, the c…
Intraday bias in USD/JPY remains on the upside for the moment. Current rally from 76.02 is expected to continue to retest 85.51 key resistance level next. On the downside, break of 80.58 support is needed to signal short term topping. Otherwise, we’ll…
EUR/USD dips to 1.3018 today and intraday bias remains on the downside for 1.2974 support next. As noted before, firstly, rebound from 1.2625 has likely completed with three waves up to 1.3486 already. Secondly, EUR/USD maintains a pattern of lower hig…
Last week’s development suggests that rebound from 1.2625 has likely completed with three waves up to 1.3486 already. More importantly, EUR/USD maintains a pattern of lower highs, lower lows since 1.4939 and such decline is still in progress. Initial b…
USD/JPY rise from 76.02 resumed after brief consolidation and reached as high as 82.64. Initial bias remain son the upside this week for a test on 85.51 key resistance level. On the downside, break of 80.58 support is needed to signal short term toppin…
GBP/USD dropped further to as low 1.5661 last week despite some intra-week volatility. The development suggest that rebound from 1.5234 is already completed at 1.5991. Initial bias remains on the downside for 1.5648 support this week. Break will confir…
Recent development indicates that fall from 0.9594 has likely completed with three waves down to 0.8930 already. Rebound from 0.8930 has resumed after brief retreat and initial bias is back on the upside this week for 0.9300 resistance first. Break wil…
Despite dripping to 126.54 last week, GBP/JPY quickly rebounded and the development suggest that pull back from 130.13 is finished already. Initial bias is mildly on the upside this week for 130.13. Break will confirm resumption of whole rise from 117….
Despite dripping to 105.64, EUR/JPY drew strong support from mentioned 38.2% retracement of 99.24 to 109.83 at 105.78 as expected. Pull back from 109.83 might have finished and initial bias is mildly on the upside for 109.83 first. Break will confirm r…
EUR/GBP recovered last week and the development delay the immediate bearish case. Instead, some sideway trading could be seen above 0.8313 temporary low this week first. Nonetheless, we’re favoring the case the corrective rise form 0.8221 is finished w…
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