Daily Forex News

GBP/JPY dived to as low as 151.04 but recovery from there and break of 153.15 minor resistance suggests that an intraday low in place. Some consolidation could now be seen and recovery to 4 hours 55 EMA (now at 154.56) cannot be ruled out. But upside should be limited below…

EUR/JPY’s fall from 136.07 was contained at 132.91 and recovered. With 132.90 minor support intact, there is no confirmation that rise consolidation from 132.17 has completed yet. Break of 134.42 flips intraday bias back to the upside for 136.07 and above. Nevertheless, upside is expected to be limited below 137.83…

EUR/GBP’s rally extends further to as high as 0.8837 before treating. Some loss of upside momentum is seen as the cross approaches trend line resistance (now at 0.8851). But still, intraday bias remains on the upside as long as 0.8768 minor support intact. Further rise should be seen 0.8866 key…

With 4 hours MACD crossed below signal line, recovery from 1.5135 should have completed at 1.5242 already, below mentioned 1.5265 resistance as expected. Intraday bias is flipped back to the downside for 1.5135 first. As noted before, decline from 1.5364 is treated as the third leg of the whole consolidation…

USD/CAD’s rebound was limited at 1.1019 and fell sharply since then. Break of 1.0883 minor support turns intraday outlook neutral again and mixes up the short term outlook. On the upside, above 1.1019 will reaffirm that case that rise from 1.0631 is still in progress for 1.1123 resistance. However, break…

AUD/USD’s fall was contained at 0.8237 and rally from 0.8154 resumes today by taking out 0.8428 resistance. As this point, intraday bias remains on the upside as long as 0.8375 minor support holds. Further rise could now be seen to 0.8476 and above. Nevertheless, focus will remain on loss of…

EUR/USD’s break of 1.4375 resistance confirms that rally from 1.4045 has resumed and should now be targeting 1.4446 high first. As noted before, the corrective three wave structure of the fall from 1.4446 to 1.4045 suggests that medium term rise in EUR/USD is not completed yet. Break of 1.4446 will…

GBP/USD recovery and break of 1.6265 minor resistance suggests that an intraday low is in place at 1.6152. Intraday outlook is turned neutral for the moment and some recovery could be seen, probably to 4 hours 55 EMA (now at 1.6388). But upside is expected to be limited below 1.6622…

USD/JPY’s fall was contained at 93.21 and recovered. Break of 93.96 minor resistance suggests that fall from 97.77 is not ready to resume yet and turned intraday outlook neutral. Some more recovery might be seen but upside should be limited by 95.05 and bring fall resumption. On the downside, below…

Despite falling to 132.92 yesterday, the stronger-than-expected rebound after holding above indicated support at 132.90 suggests further choppy consolidation would take place and gain to 135.50 cannot be ruled out, however, only break of 136.09 resistance would revive our bullish count that the rise from 132.17 has resumed to 137.00,…