Daily Forex News

GBP/JPY’s recovery is still in progress and at this point, further rise cannot be ruled out. But after all, upside is expected to be limited below 149.01 support turned resistance and bring fall resumption. Below 142.00 minor support will flip intraday bias back to the downside first. Further break of…

At this point, extension of recovery from 129.80 cannot be ruled out with 130.62 minor support intact. But after all, upside is expected to be limited well below 135.47 resistance and bring fall resumption. Break of 130.62 minor support will flip intraday bias back to the downside first. Further break…

EUR/GBP’s break of 0.9149 minor resistance suggests that pull back from 0.9297 might have completed at 0.9076 already. Intraday bias is flipped back to the upside for 0.9297 high first. Break will confirm rally resumption to 0.9494 resistance next. On the downside, below 0.9076 will indicate that correction from 0.9297…

EUR/CHF spiked through 1.5231 resistance yesterday but again failed to sustain above. Outlook remains neutral for the moment with risk of another fall. But after all, even in case of another fall below 1.5079, downside is expected to be contained above 1.5007 low and bring strong rebound. Though, sustained trading…

While further decline in USD/CAD cannot be ruled out, we’d continue to expect downside to be contained above 1.0659 support and bring rally resumption. Above 1.0798 minor resistance will flip intraday bias back to the upside first. Further break of 1.0991 will target 1.1101 resistance to confirm a medium term…

AUD/USD retreats mildly after making new high of 0.8857 but further rise is still in favor for the moment. Next target is 61.8% projection of 0.6284 to 0.8262 from 0.7702 at 0.8924. Nevertheless, we’d expect further loss of upside moment on the current rise and AUD/USD should turn into some…

With 1.4678 minor resistance intact, intraday bias in EUR/USD remains mildly on the downside for the moment. As discussed before, a short term top is formed at 1.4842 with bearish divergence condition in 4 hours MACD. Below 1.4527 will bring fall resumption to 1.4446 resistance turned support next and break…

Intraday bias in USD/CHF remains on the upside with 1.0282 minor support intact and further rise is still in favor. As discussed before, a short term bottom should be formed at 1.0185 with bullish convergence conditions in 4 hours MACD. Rebound from there should extend to 1.0530 support turned resistance…

Intraday bias in USD/CHF remains on the upside with 1.0282 minor support intact and further rise is still in favor. As discussed before, a short term bottom should be formed at 1.0185 with bullish convergence conditions in 4 hours MACD. Rebound from there should extend to 1.0530 support turned resistance…

With 89.12 minor support intact, recovery from 88.23 might still continue and extend further. Nevertheless, upside is expected to be limited below 92.52 and bring fall resumption. Below 89.12 minor support will flip intraday bias in USD/JPY back to the downside. Further break of 88.23 support will indicate that whole…