<p>EUR/CHF edged lower again last week with very weak downside momentum. Overall outlook remains unchanged. With 1.0710 resistance intact, further decline is expected. Current down trend should target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next. However, on the upside, break of 1.0710 will indicate short term bottoming. Str

<p>EUR/AUD surged to as high as 1.9799 last week, then formed a short term top there and treated. Initial bias stays neutral this week for more consolidations. Downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.9799 will resume larger up trend. In […]

<p>EUR/GBP surged to as high as 0.9499 last week, then formed a short term top there and retreated. Initial bias is neutral this week for some more consolidations first. In case of deeper pull back, downside should be contained by 61.8% retracement of 0.8282 to 0.9499 at 0.8747 to bring rally resumption. On the upside, […]

<p>EUR/JPY continued to stay in range above 116.12 last week and outlook is unchanged. Initial bias remains neutral this week first. Consolidation from 115.86 could extend with another rise. On the upside, break of 121.39 will target 122.87 resistance. On the downside, sustained break of 115.86 will indicate larger down trend resumption. In t

<p>GBP/JPY dropped to as low as 123.94 last week, then formed a short term bottom there and recovered. Initial bias is neutral this week for some consolidations first. In case of stronger rise, upside should be limited by 61.8% retracement of 144.95 to 123.94 at 136.92 to bring fall resumption. Break of 123.94 will resume […]

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