Daily Forex News

GBP/JPY’s rebound from 138.99 is still in progress and at this point, intraday bias remains on the upside as long as 144.54 minor support holds. The bearish case that GBP/JPY has topped out at 151.49 looks shaky considering the strength of the current rise. But after all, we’re still expecting…

At this moment, intraday bias in EUR/JPY remains on the upside and further rally could still be seen towards 134.30 resistance. Nevertheless, considering the five wave structure of the fall from 137.38 to 124.35, we’d expect upside to be limited below 137.38 and bring fall resumption. Below 128.82 minor support…

Intraday outlook in EUR/GBP remains neutral for the moment. On the upside, above 0.9080 will suggest that rebound from 0.8785 is resuming for upper trend line resistance at 0.9268. On the downside, however, below 0.8881 will put 0.8785 low into focus. Break there will indicate that whole fall from 0.9494…

No change in EUR/CHF’s outlook so far. As long as 1.5197 resistance holds, correction from 1.5446 is still in favor to continue towards 61.8% retracement of 1.4577 to 1.5446 at 1.4909. But after all, downside is expected to be contained above 1.4820 support and bring strong rebound. On the upside,…

Intraday bias remains mildly on the upside with 0.7237 minor support intact and further rally might still be seen. But still, strong resistance is expected as AUD/USD approaches38.2% retracement of 0.9849 to 0.6008 at 0.7475 and bring reversal. On the downside, below 0.7233 will turn intraday outlook neutral first. Break…

Intraday bias remains on the downside as long as 1.2066 minor resistance and current could extend further towards 1.1761 support. Though, we’re still expecting strong support there to bring rebound. On the upside, above 1.2066 will turn intraday outlook neutral first. Further break of 1.2503 resistance will indicate that whole…

Intraday outlook in EUR/USD remains neutral for the moment. The lack of follow through buying and the three wave structure of the rise from 1.2884 so far provides no confirmation to the bullish case. But after all, with 1.2963 support intact, another rise is still mildly in favor. Above 1.3885…

Intraday outlook remains neutral in GBP.USD for the moment. As discussed before, below 1.4515 will indicate that rebound from 1.4395 has completed with three waves up to 1.4945 already. The corrective structure will then be consistent with the view that GBP/USD has topped out at 1.5066 and fall from there…

Intraday outlook in USD/CHF remains neutral for the moment with an intraday low in place at 1.1269. As discussed before, so far the three wave structure of the fall from 1.1740 to 1.1269 provides not confirmation to the bearish case of resumption of fall from 1.1963. Nevertheless, with 1.1902 resistance…

USD/JPY’s break of 98.92 resistance dampens the original bearish case and argues that fall from 101.43 is merely a correction in the larger rally. Intraday bias is flipped back to the upside for 101.43 high first. Break will will indicate that whole rise from 87.12 has resumed and will put…