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GBP/JPY’s fall resumes after strong but brief recovery and reaches as low as 144.80 so far. Intraday bias remains on the downside and further fall is expected to be seen to 141.99 support. Break there will also affirm the case that whole consolidation pattern from 139.96 has completed and deeper…

USD/CAD’s rally resumes after brief consolidation and reaches as high as 1.0562 so far in early US session. Intraday bias remains on the upside and further rise should be seen to 1.0744 resistance next. Break there will confirm our bullish view that whole consolidation from 1.0851 has finished with three…

Intraday bias in EUR/USD remains neutral for the moment and some more consolidation might be seen. But upside is expected to be limited below 1.4334 support turned resistance and bring fall resumption. Below 1.4028 will target next medium cluster support level at 1.3737.

Intraday bias in USD/CHF remains neutral for the moment. Pull back from 1.0494 might extend further, probably to 4 hours 55 EMA (now at 1.0326). But downside is expected to be contained above 1.0291 resistance turned support and bring rise resumption. As noted before, rally from 1.0131 is treated as…

Intraday bias in USD/JPY remains on the downside with 90.56 minor resistance intact. Fall from 93.74 is expected to extend further to 87.36 support next. Break there will confirm the bearish case that whole rebound from 84.81 has completed with three waves up to 93.74 already. This will also argue…

GBP/USD’s fall resumes after brief recovery and at this point, intraday bias remains on the downside for 1.5829 low. Break there will confirm that whole decline from 1.6875 has resumed and should target key cluster support level at 1.5706. On the upside, above 1.6284 will delay the bearish view and…

Risk aversion is back after taking a brief breath in European session as major European stock indices dive. Sterling is taking the lead this time after disappointment from retail sales data. Meanwhile, Canadian dollar is following closely after crude oil fails to sustain above 76 level and weakens again. Also,…

The dollar index based trading had been slow overnight, with the major pairs recovering some of the ground loss during the prior session. All eyes are now on the U.S. session, where investors await further details about President Obama’s plan to limit the risk taken by banks. The dollar index…

With a 1.4028 test generating a reversal candle on Thursday following the pair?s break down through the 1.4216 level, its Dec 22?09 low on Wednesday, EUR is now shaping up for corrective recovery. It was seen strengthening in early trading today and if further build up on that occurs further…

We look for the pair to head back down while holding below the 91.21 level where its Jan 05?10 low is located despite its current price hesitation after declining sharply lower on Thursday. Nearby support is now seen at the 89.77 level, its Jan 21?10 low with a decisive break…