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Daily Pivots: (S1) 192.19; (P) 192.88; (R1) 193.68; More… Intraday bias in GBP/JPY remains neutral at this point. While pullback from 196.38 might extend lower, further rally will remain in favor as long as 190.22 support holds. On the upside, […]

Daily Pivots: (S1) 1.3451; (P) 1.3496; (R1) 1.3587; More… Intraday bias in GBP/USD stays on the upside at this point. Firm break of 61.8% projection of 1.2706 to 1.3442 from 1.3138 at 1.3593 will target 100% projection at 1.3874. On

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EUR/CHF weakened slightly last week it’s so far still supported by 0.9296 support. Initial bias remains neutral this week and more range trading could still be seen. Price actions from 0.9218 are seen as either a corrective move or the

EUR/GBP’s decline from 0.8737 is still in progress. With the late break of 0.8392 temporary low, initial bias is back on the downside this week. Further fall should be seen to 0.8314 support first, and then 0.8239 low. On the

EUR/JPY’s decline from 165.19 extended lower last week and the break of 161.57 support argues that rise from 154.77 might have completed. Initial bias is back on the downside this week for 158.27 support next. Nevertheless, on the upside, break

GBP/JPY’s decline from 196.38 extender lower last week but stayed well above 190.22 structural support. Initial bias remains neutral this week first. Further rally remains in favor. On the upside, above 194.18 resistance will suggest that the pull back has

USD/CAD’s late break of 1.3749 confirms resumption of the whole decline from 1.4791. Initial bias is back on the downside this week. Next near term target if 61.8% projection of 1.4414 to 1.3749 from 1.4014 at 1.3603. On the upside,

AUD/USD was still bounded in range trading below 0.6511 last week and outlook is unchanged. Initial bias remains neutral and further rally is expected with 0.6356 support intact. One the upside, break of 0.6511 will resume the rise from 0.5913

USD/CHF’s extended decline last week suggest that rebound from 0.8038 has completed as a three-wave correction to 0.8475. Initial bias is now on the downside with late breach of 0.8208 temporary low. Deeper fall should be seen to retest 0.8038