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EUR/USD rebounded strongly after dipping to 1.4626 last week. Initial bias is still mildly on the upside this week and further rise cannot be ruled out. But after all, upside is expected to be limited by 1.5061 resistance and bring fall resumption. Below 1.4777 minor support will flip intraday bias…

Some choppy price actions were seen in USD/JPY last week but after all, upside was limited below 91.60 resistance and thus, there is no change in the short term bearish outlook. Rebound from 88.00 should have completed at 92.31 already and fall from there is tentatively treated as resumption of…

GBP/USD rebounded strongly last week and the break of 1.6603 resistance mixed up the short term outlook. Consolidation from 1.6692 might have completed at 1.6261 already. Initial bias is mildly on the upside this week and further rise could be seen to 1.6692/6740 resistance zone. On the downside, below 1.6465…

USD/CHF dropped sharply after edging higher to 1.0337 last week. With 1.0224 minor resistance intact, initial bias remains mildly on the downside this week and deeper fall could still be seen. But still, downside is expected to be contained above 1.0032 low and bring rebound. Above 1.0224 will flip intraday…

AUD/USD edged lower to 0.8915 last week but few strong support from medium term channel and rebounded. The break of 0.9180 resistance argue that the choppy correction from 0.9326 has completed. Initial bias is mildly on the upside this week for a test of 0.9326 high first. On the downside,…

USD/CAD pulled back sharply after edging higher to 1.0851 but such pull back was contained at 1.0593 and USD/CAD rebounded strongly towards the end of the week. Initial bias is mildly on the upside this week for a test on 1.0851 first. Break there will confirm that whole rise from…

EUR/GBP’s recovery lost steam after hitting 4 hours 55 EMA and turned sideway. Initial bias remains mildly on the downside this week. Break of 0.8911 will indicate that correction from 0.9410 has resumed and should target 100% projection of 0.9410 to 0.8996 from 0.9238 at 0.8824 next. Nevertheless, we should…

EUR/CHF continued to gyrate in established range last week and outlook remains unchanged. Risk remains on the downside with 1.5238 resistance intact and another fall cannot be ruled out. But even in that case, downside should be contained by 1.5007 key support to complete the fall from 1.5364 and bring…

EUR/JPY recovered strongly last week but after all, upside was limited below 135.97 resistance and thus retain the near term bearish outlook that fall from 138.47 is still in progress. Friday’s fall and touching of 133.24 minor support, with 4 hours MACD crossed below signal line, suggests that choppy recovery…

GBP/JPY rebounded strongly after dipping to 146.36 last week but after all, such rebound was limited at 151.21, below 151.72 resistance and thus retain the bearish outlook. That is, rise from 139.69 should have completed at 153.21 already. Friday’s break of 148.56 minor support suggests that rise from 146.36 might…