Daily Forex News

GBP/JPY’s fall from 149.15 extends further to as low as 143.57 so far in early US session and at this point, intraday bias remains on the downside. As noted before, rebound from 139.26 might have completed at 149.15 already. Further fall should be seen to retest this 139.26 support first….

USD/CAD strengthens mildly in early US session but after all, it’s still bounded in range of 1.0434 and 1.0649. Short term outlook remains neutral and more choppy sideway trading might still be seen. On the downside, below 1.0434 will target 100% projection of 1.0851 to 1.0416 from 1.0748 at 1.0313…

Yen is bid up today as risk aversion seems to be back in the driving seat. Moody’s Investor Services said that sovereign rating of US and UK may test the boundaries of the Aaa status because of deteriorating public finances. Both US and UK fall in the “resilient” category, comparing…

USD/JPY’s fall from 90.75 extends further to as low as 88.17 so far today and met mentioned 4 hours 55 EMA. At this point, intraday bias remains on the downside and further decline could still be seen. However, we’d still expect the pull back from 90.75 to be contained by…

GBP/USD drops further to as low as 1.6270 so far today and is now pressing mentioned 1.6250/71 support zone. Intraday bias remains on the downside for the moment and as noted before, break of 1.6250/71will confirm that rise from 1.5706 has finished at 1.6875 already and bring deeper decline to…

EUR/USD’s fall extends further to as low as 1.4727 so far today and at this point, intraday bias remains on the downside for 1.4626 support. As discussed before, break there will further affirm the bearish case that EUR/USD has already topped out in medium term at 1.5143 already. In such…

USD/CHF’s rally extends further to as high as 1.0265 so far today and intraday bias remains on the upside for 1.0337 resistance. As noted before, break there will confirm that USD/CHF has bottomed out in medium term. In such case, next short term target will be 161.8% projection of 0.9916…

The retreat from last Friday’s high at 134.54 turned out to be stronger than expected, suggesting the first leg of upmove from 126.95 has ended there and correction of the rise from is still in progress for weakness to 130.75 (50% Fibonacci retracement of 126.95 to 134.54), however, reckon 130.00…

The aussie has remained confined within narrow range and further consolidation would take place, however, as the 5-waver decline from 0.9324 suggests the rebound from 0.8946 has possibly ended there, upside should be limited to 0.9255/60 and bring another decline towards 0.9000 but only break of 0.8946 support would add…

Despite falling marginally to 139.30, the strong rebound from there suggests the wave I of 5 has ended there (instead of 139.75) and minor wave ii correction is taking place with 1st leg of wave 2 just ended at 149.10 last Friday and consolidation would take place but downside should…