EUR/CHF remained bounded in established range above 1.5061 last week as consolidation continued. Short term outlook continued to be neutral and consolidation from 1.5446 might extend further. Below 1.5061 will bring deeper fall towards 61.8% retracement of 1.4577 to 1.5446 at 1.4909. But in such case, downside is still expected…
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EUR/JPY dived further to as low as 126.07 initially last week and turned into consolidation since then. While some more consolidation cannot be ruled out, upside should be limited below 130.96 resistance and short term outlook remains bearish. As discussed before, whole rally from 112.10 should have completed at 137.38…
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GBP/JPY dived to as low as 140.58 last week before turning sideway. Near term channel support was taken out marginally. Daily MACD has also broken it’s up trend. The developments suggest that whole rebound from 118.81 has completed at 151.49 already. Hence, while some sideway consolidation could be seen initially…
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