USD/CHF rebounded to 0.9146 last week but retreated since then. Initial bias remains neutral this week for consolidations. But further rally is expected as long as 0.9013 minor support holds. Rise from 0.8818 short term bottom is seen as corrective whole down trend from 1.0146. Above 0.9146 will target 38.2% retracement of 1.0146 to 0.8818 […]

GBP/USD rebounded strongly to 1.2543 last week but retreated since then. Initial bias is neutral this week first. On the upside, above 1.2543 will resume the rebound to retest 1.2678 high. Meanwhile, break of 1.2306 will resume the correction towards 1.1801 cluster support (38.2% retracement of 1.0351 to 1.2678 at 1.1789). In the bigger picture, […]

USD/JPY turned into consolidation after edging higher to 140.90 last week. Initial bias remains neutral this week first, and further rally is expected as long as 138.22 minor support holds. On the upside, break of 140.90 will resume larger rise from 127.20 to 142.48 fibonacci level. However, considering bearish divergence condition in 4 hour MACD, […]

EUR/USD fell further to 1.0634 last week but recovered since then. As a temporary top was then formed at 1.0778, initial bias is turned neutral this week first. On the upside, above 1.0778 will resume the rebound from 1.0634 short term bottom to 55 D EMA (now at 1.0829). On the downside, though, break of […]

Daily Pivots: (S1) 1.6314; (P) 1.6392; (R1) 1.6451; More… Break of 1.6535 minor support suggests that recovery from 1.6134 has completed at 1.6514 already. Intraday bias in EUR/AUD is back on the downside for 1.6134 first. Firm break there will resume whole fall from 1.6785 and target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, […]

Daily Pivots: (S1) 0.8572; (P) 0.8588; (R1) 0.8608; More… Intraday bias in EUR/GBP remains on the downside for the moment. Current fall from 0.8977 should now target 161.8% projection of 0.8977 to 0.8717 from 0.8874 at 0.8453. On the upside, break of 0.8660 support turned resistance is needed to confirm short term bottoming. Otherwise, outlook […]

Daily Pivots: (S1) 148.78; (P) 149.23; (R1) 149.83; More…. Intraday bias in EUR/JPY is turned neutral first with current recovery. But overall, corrective pattern from 151.60 is extending with another falling leg. Deeper decline could be seen to 146.12 support, and possibly below. On the upside, however, above 151.05 will target 151.60 high. Firm break […]

Daily Pivots: (S1) 0.9034; (P) 0.9076; (R1) 0.9097; More… USD/CHF recovers ahead of 0.9013 minor support but stays below 0.9146 temporary top. Intraday bias remains neutral first. On the upside, break of 0.9146 will resume the rebound from 0.8818 to 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, however, break of 0.9013 […]

Daily Pivots: (S1) 138.19; (P) 139.07; (R1) 139.68; More… Intraday bias in USD/JPY remains neutral as range trading continues. Downside of retreat should be contained above 138.22 support to bring another rally. Break of 140.90 will resume larger rise from 127.20 to 142.48 fibonacci level. However, considering bearish divergence condition in 4 hour MACD, break […]

Daily Pivots: (S1) 1.2438; (P) 1.2489; (R1) 1.2577; More… Intraday bias in GBP/USD stays mildly on the upside at this point. Rebound from 1.2306 is in progress for retesting 1.2678 high. Decisive break there would resume larger up trend from 1.0351 to 1.2759 fibonacci level. Meanwhile, below 1.2445 minor support will turn intraday bias neutral […]