Daily Forex News

With 85.86 minor support intact, USD/JPY’s recovery might still continue but after all, upside will likely be limited by 38.2% retracement of 92.31 to 84.81 at 84.67 and bring fall resumption. Below 85.86 minor support will flip intraday bias back to the downside first. Further break of 84.81 will target…

At this point, intraday bias in EUR/USD remains on the upside as long as 1.4971 minor support holds. Rise from 1.4828 is still in favor to extend to 1.5143 resistance. Break there will indicate that medium term rally is still in progress for 123.6% projection of 1.2329 to 1.4719 from…

At this point, intraday bias in USD/CHF remains on the downside with 1.0075 minor resistance intact and further fall could still be seen towards 0.9916 support next. Break there will indicate that medium term fall is still in progress for 0.9634 key support. On the upside, above 1.0075 minor resistance…

GBP/USD’s break of 1.6591 invalidated the bearish view and in turn indicates that rebound from 1.6271 has resumed. Further rise could be seen but after all, we’d continue to expect upside to be limited below 1.6744 resistance and bring fall resumption. Below 1.6379 minor support will flip intraday bias back…

USD/CAD’s break of 1.0448 support suggests that sideway consolidation pattern from 1.4160 has completed at 1.0748 already and fall from there is resuming the whole decline from 1.0851. At this point, intraday bias remains on the downside as long as 1.0532 minor resistance holds. Further fall should now be seen…

The single currency moved higher again and the breach of 131.01 resistance (previous support) dampened our bearishness for a resumption of recent fall and suggest correction towards 131.75/80 (another previous support turned resistance) cannot be ruled out, however, only a firm breach above there would confirm the decline from 138.49…

As aussie has continued to move higher, retaining our view that the a-b-c correction from 0.9407 has ended at 0.8946 last Friday and consolidation with upside bias remains for gain towards 0.9300, however, break of resistance at 0.9324 is needed to confirm and signal upmove has resumed for headway towards…

GBP/JPY’s recovery from 139.26 might still be in progress and further rise cannot be ruled out. But after all, we’d expect such recovery to be limited below 146.30 support turned resistance and bring fall resumption. Below 141.02 minor support will flip intraday bias back to the downside. Further break of…

Despite early anticipated rebound to 1.7113 (our indicated upside retracement target was 1.7105 - 50% retracement of 1.8091-1.6118), as the British pound retreated sharply from there, suggesting the recovery from 1.6118 (tentatively wave ii) has possibly ended at 1.7113 and downside bias remains for further fall to 1.6300, then retest…

EUR/JPY’s recovery from 126.88 is still in progress and further rise could be seen. But still, we’d expect upside to be limited by 131.56 support turned resistance and bring fall resumption. Below 128.96 minor support will flip intraday bias back to the downside. Break of 126.88 will indicate that whole…