EUR/USD Weekly Outlook

EUR/USD’s strong rise last week argues that consolidation pattern from 1.1464 has completed at 1.1217 already. Initial bias is on 1.1464 and break will confirm this case. In such case, EUR?USD will target 1.1713 resistance next. But still, we’d continu…

USD/JPY Weekly Outlook

USD/JPY dropped sharply last week and accelerated through long term fibonacci level at 106.63. There is no sign of bottoming yet and initial bias stays on the downside for deeper decline. USD/JPY should target next fibonacci level at 100.70, which is c…

GBP/USD Weekly Outlook

GBP/USD’s rise continued last week as is pressing 1.4667 key resistance level. At this point, we’d continue to extend strong resistance from 1.4667 to limit upside and bring reversal. Below 1.4472 support will argue that whole rebound from 1.3835 is co…

USD/CHF Weekly Outlook

USD/CHF’s shall fall last week and break of 0.9584 support indicates that rebound from 0.9498 is finished at 0.9796. And more importantly, whole down trend from 1.0327 is likely resuming. Initial bias stays on the downside this week for 0.9498 and then…

AUD/USD Weekly Outlook

AUD/USD’s decline last week argues that a short term top was already formed at 0.7833, ahead of medium term fibonacci level at 0.7849. Further decline is expected this week as log as 0.7690 resistance holds. AUD/USD should target 38.2% retracement of 0…

USD/CAD Weekly Outlook

USD/CAD’s decline from 1.4689 continued last week. While downside momentum diminished, there is no clear sign of bottoming yet. Further fall is expected this week to next medium term fibonacci level at 1.2048. On the upside, above 1.2693 minor resistan…

GBP/JPY Weekly Outlook

GBP/JPY failed to take out 164.09 last week and the sharp fall from 162.80 suggests that rebound from 151.64 is already finished. Initial bias remains on the downside this week for retesting 151.64 low. Break will extend larger decline from 195.86 to n…

EUR/JPY Weekly Outlook

EUR/JPY’s sharp fall last week and breach of 121.70 support argues that down trend from 149.76 is resuming. Initial bias remains on the downside this week. Current fall should now extend to next projection level at 117.37. On the upside, break of 126.4…

EUR/GBP Weekly Outlook

EUR/GBP dropped to as low as 0.7334 last week before forming a temporary low there and recovered. Another fall could be seen as correction from 0.8116 extends. But we’d expect strong support from 38.2 retracement of 0.6981 to 0.8116 at 0.7682 to contai…