Your Friend LLC

EUR/USD turned into brief recovery last week but such recovery was likely finished at 1.3689 already. Initial bias is mildly on the downside this week for 1.3362 first. Break will confirm resumption of recent decline and should target 161.8% projection of 1.4939 to 1.3969 from 1.4548 at 1.2979, which is

EUR/USD turned into brief recovery last week but such recovery was likely finished at 1.3689 already. Initial bias is mildly on the downside this week for 1.3362 first. Break will confirm resumption of recent decline and should target 161.8% projection of 1.4939 to 1.3969 from 1.4548 at 1.2979, which is

USD/CHF’s consolidation form 0.9182 continued last week but drew some support from 4 hours 55 EMA and recovered. The development suggests that retreat from 0.9182 might be cover already and initial bias is back on the upside this week. Break of 0.9182 will confirm resumption of the whole rise from

USD/CHF’s consolidation form 0.9182 continued last week but drew some support from 4 hours 55 EMA and recovered. The development suggests that retreat from 0.9182 might be cover already and initial bias is back on the upside this week. Break of 0.9182 will confirm resumption of the whole rise from

GBP/USD’s recovery from 1.5327 extended to 1.5715 last week and lost momentum since then. Such recovery might be finished already and initial bias is cautiously on the downside this week for retesting 1.5327 first. Break will confirm resumption of recent fall from 1.6746 and should target 161.8% projection of 1.6746

GBP/USD’s recovery from 1.5327 extended to 1.5715 last week and lost momentum since then. Such recovery might be finished already and initial bias is cautiously on the downside this week for retesting 1.5327 first. Break will confirm resumption of recent fall from 1.6746 and should target 161.8% projection of 1.6746

USD/JPY sideway trading from 75.94 continued last week and outlook remains unchanged. Stronger recovery might be seen initially this week but upside is expected to be limited by near term falling trend line (now at 77.71) and bring fall resumption eventually. Below 76.11 will turn bias back to the downside

USD/JPY sideway trading from 75.94 continued last week and outlook remains unchanged. Stronger recovery might be seen initially this week but upside is expected to be limited by near term falling trend line (now at 77.71) and bring fall resumption eventually. Below 76.11 will turn bias back to the downside

After edging lower to 0.9621, AUD/USD lost momentum ahead of 100% projection of 1.1079 to 0.9926 from 1.0764 at 0.9611 and recovered. Initial bias remains neutral this week and some more consolidation might be seen above 0.9621. But upside is expected to be limited below 1.0177 support turned resistance and

After edging lower to 0.9621, AUD/USD lost momentum ahead of 100% projection of 1.1079 to 0.9926 from 1.0764 at 0.9611 and recovered. Initial bias remains neutral this week and some more consolidation might be seen above 0.9621. But upside is expected to be limited below 1.0177 support turned resistance and