Although the single currency continued to fall according to our expectation in the previous update and met our indicated downside target at 1.4000, as the Tenkan-Sen has just started to turn sideways, suggesting recent selloff is likely to slow down and further sharp fall below 1.3800 may not be repeated...
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GBP/JPY's break of 135.69 minor resistance turns intraday bias neutral again and argues that consolidation from 132.13 might be still in progress. Another rise cannot be ruled out but after all, upside should be limited by 139.21 cluster resistance (38.2% retracement of 150.68 to 132.13 at 139.21, 61.8% retracement of...
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As noted before, EUR/JPY's strong recovery from 121.45 indicates that consolidation from 119.64 is still in progress and more rise could still be seen. But after all, upside is expected to be limited by 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26) and bring fall resumption. Below...
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AUD/USD lose some upside moment with 4 hours MACD crossed below signal line again but after all, further rally is in favor as long as 0.9053 minor support holds. Rise from 0.8577 is still expected to continue towards 100% projection of 0.8577 to 0.9070 from 0.8802 at 0.9295 next. On...
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Downside momentum is clearly diminishing in USD/CAD with 4 hours MACD staying above signal line. But still, another fall is in favor as long as 1.3066 resistance holds. However, as we're treating price actions from 1.0851 as sideway consolidation pattern with fall from 1.0779 as the third leg. Hence, while...
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No change in EUR/USD's outlook. With 1.3530 minor support intact, EUR/USD's consolidation from 1.3443 is possibly still in progress. Nevertheless, even in case of another rise, upside is still expected to be limited by 1.3852 resistance to conclude the consolidation and bring fall resumption. Below 1.3530 minor support will flip...
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With 4 hours MACD crossed above signal line, intraday bias in GBP/USD is turned neutral and consolidations from 1.4783 might continue further. Another rise could be seen to 1.5194 and above. But after all, upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall...
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With 1.0809 minor resistance intact, consolidations from 1.0897 is still in progress and another fall might be seen. Nevertheless, downside is expected to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring rally resumption. On the upside, above 1.0809 minor resistance will flip...
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USD/JPY's break of 90.68 suggests that rise from 88.13 has resumed. Upside moment is a bit unconvincing but still, further rally is expected as long as 89.62 support holds. USD/JPY should now be targeting near term falling trend line (now at 91.45). On the downside, however break of 89.62 will...
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As noted before, EUR/GBP's retreat should have completed at 0.8980 already. Intraday bias remains on the upside for 0.9137 resistance and break there will confirm that whole rally from 0.8601 has resumed and should target trend line resistance at 0.9213 next. On the downside, 0.9076 minor support will delay the...
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