GBP/JPY’s break of 129.65 indicates that recent rise has resumed and intraday bias is back on the upside for 61.8% retracement of 140.02 to 116.83 at 131.16 first. As noted before, the decline from 140.02 should have finished at 116.83 already. Break o…
EUR/GBP falls further to as low as 0.8334 so far today and intraday bias remains on the downside. As noted before, corrective rise from 0.8221 has likely completed with three waves up to 0.8505. Break of 0.8277 support will indicate that recent fall fr…
USD/JPY rebounded strongly but is still staying in range below 81.58. Thus intraday bias remains neutral and more consolidation could be seen. While another fall cannot be ruled out, we’d expect downside to be contained by by 79.85 minor support and br…
Further recovery could still be seen in USD/CHF. But upside is expected to be limited by 0.9089 support turned resistance to conclude the consolidation from 0.8930 and bring fall resumption. Break of 0.8930 will extend recent decline to 100% projection…
Intraday bias in GBP/USD remains neutral for the moment and more consolidations could be seen below 1.5991 temporary top. Note again that another rally is expected as long as 1.5799 minor support holds. Above 1.5991 will target a test on 1.6165 key clu…
EUR/USD’s fall from 1.3486 continues further today and reaches as low as 1.3281 so far today. Intraday bias remains mildly on the downside for deeper fall to near term channel support (now at 1.3126). However, note again that near term outlook remains …
In spite of the strong rebound, GBP/JPY is still limited by 129.65 resistance and hence, intraday bias remains neutral. Some more consolidative trading could be seen but downside is expected to be contained above 125.46 support and bring another rise. …
Intraday bias in EUR/JPY remains neutral as consolidation from 109.83 continues. Deeper retreat could be seen but downside is expected to be contained by 38.2% retracement of 99.24 to 109.83 at 105.78 and bring rally resumption. Above 109.83 will exten…
EUR/GBP dropped sharply to as low as 0.8360 so far today. The strong break of 0.8409 indicates that corrective rise from 0.8221 has completed with three waves up to 0.8505. Intraday bias is back on the downside for 0.8277 first. Break will indicate tha…
EUR/USD’s consolidation from 1.3486 continues with another steep retreat and broke 4 hours 55 EMA. Intraday bias is mildly on the downside and deeper decline could be seen towards lower channel support (now at 1.3126). Still, near term outlook remains …
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