EUR/CHF Daily Outlook

Intraday bias in EUR/CHF remains on the downside with 1.2628 minor resistance intact and further decline should be seen to 1.2401/32 support zone. As noted before, consolidation pattern from 1.2401 should have completed at 1.3234 already and fall from there is resuming the larger down trend. Break of 1.2401 will

EUR/GBP Daily Outlook

At this point, further decline is still in favor in EUR/GBP as long as 0.8817 minor resistance holds. Sustained break of 0.8739 support will argue that whole rise from 0.8284 has completed and deeper fall could then be seen to 61.8% retracement of 0.8284 to 0.9041 at 0.8573 first. On

Technical Analysis Daily: GBP/USD

On Monday Pound/Dollar decreased with almost 150 pips, later recovered, in line with the neutral Interbank sentiment at almost +3%. The Cable depreciated from 1.6418 to 1.6269 yesterday, later climbed up to 1.6424, closing the day at 1.6401. Today the British Pound is showing some weakness again, but movements are

USD/JPY Daily Outlook

USD/JPY's consolidation from 79.58 temporary is still in progress and further recovery could be seen. But still, upside is expected to be limited by 82.76 resistance and bring resumption of fall from 85.51. Below 80.15 minor support will flip bias back to the downside and would target a retest on

USD/CHF Daily Outlook

USD/CHF's recovery from 0.8552 short term low is still in progress for 38.2% retracement of 0.9399 to 0.8552 at 0.8853. But after all, upside is expected to be limited by 0.8895 support turned resistance and bring down trend resumption. On the downside, below 0.8707 minor support will flip bias back

GBP/USD Daily Outlook

GBP/USD's break of 1.6406 minor resistance suggests that a temporary low is in place at 1.6269 and intraday bias is turned neutral for the moment. Nevertheless, another fall is still expected as long as 1.6573 resistance holds. Below 1.6269 will target 1.6166 support first.

EUR/USD Daily Outlook

Further decline is still mildly in favor in EUR/USD with 1.4440 minor resistance intact and current fall from 1.4938 could extend to 1.4157 cluster support (38.2% retracement of 1.2873 to 1.4938 at 1.4149). But downside should be contained there and bring rise resumption. Above 1.4440 minor resistance will flip bias

EUR/JPY Daily Outlook

With 120.37 minor support intact, current rebound in EUR/JPY is still in favor to continue towards 123.31 resistance. Break will confirm resumption of recent rally towards 61.8% retracement of 139.21 to 105.42 at 126.30 next. On the downside, below 120.37 will turn intraday bias neutral first. Break of 118.49 will

GBP/JPY Daily Outlook

At this point, GBP/JPY's rebound fro 132.98 is still in favor to continue and intraday bias remains cautiously on the upside for 139.99 resistance first. On the downside, below 134.06 will turn bias neutral again and bring more consolidations. But after all, note that with 132.96 support intact, we'd stay

USD/JPY Daily Outlook

USD/JPY continues to stay in tight range above 81.26 temporary low and intraday bias remains neutral at this point. On the downside, break of 81.26 will indicate that fall from 85.51 has resumed and would then target 61.8% retracement of 76.40 to 85.51 at 79.88 and below. On the upside,

USD/CHF Daily Outlook

USD/CHF's consolidation from 0.8670 is still in progress and intraday bias remains neutral. Even in case of another recovery, upside should be limited by 0.8895 support turned resistance and bring fall resumption. Break of 0.8670 will target 100% projection of 0.9774 to 0.8921 from 0.9339 at 0.8486.

GBP/USD Daily Outlook

GBP/USD's rally lost momentum after hitting 1.6744 and made a temporary top there. Some consolidations could be seen now but downside is expected to be contained by 1.6431 support and bring rally resumption. Above 1.6744 will target 100% projection of 1.5343 to 1.6400 from 1.5935 at 1.6992, which is close to 1.7 psychological level and 1.7043 key resistance.

EUR/CHF Daily Outlook

EUR/CHF continues to stay in consolidation above 1.2728 and intraday bias remains neutral. Note that with 1.2971 resistance intact, we'd favor a break of 1.2728 support eventually. Break of 1.2728 will confirm resumption of fall from 1.3234. Also, this will affirm the view that consolidation from 1.2401 is already finished

Technical Analysis Daily: GBP/USD

On Thursday Pound/Dollar corrected downwards with over 120 pips, not exactly in line with the positive Interbank sentiment at under +6%. The Cable depreciated from 1.6748 to 1.6622 yesterday, closing the day at 1.6629. Today the British Pound is making recovery efforts, but movements are within yesterday's range for the

EUR/JPY Daily Outlook

With 120.37 minor support intact, current rebound in EUR/JPY is still in favor to continue towards 123.31 resistance. Break will confirm resumption of recent rally towards 61.8% retracement of 139.21 to 105.42 at 126.30 next. On the downside, below 120.37 will turn intraday bias neutral first. Break of 118.49 will

GBP/JPY Daily Outlook

At this point, GBP/JPY's rebound fro 132.98 is still in favor to continue and intraday bias remains cautiously on the upside for 139.99 resistance first. On the downside, below 134.06 will turn bias neutral again and bring more consolidations. But after all, note that with 132.96 support intact, we'd stay

EUR/USD Daily Outlook

With 1.4711 minor support intact, intraday bias in EUR/USD remains on the upside and further rally is expected to 61.8% projection of 1.2873 to 1.386 from 1.3427 at 1.5024, which is close to 1.5 psychological level. On the downside, below 1.4711 minor support will turn bias neutral again and bring

USD/CAD Daily Outlook

USD/CAD was held above 0.9453 support and recovers and the development suggests that consolidation from there is still in progress. Intraday bias is turned neutral again and stronger recovery might be seen. But upside is still expected to be limited by near term falling trend line resistance (now at 0.9628)

AUD/USD Daily Outlook

Intraday bias in AUD/USD remains on the upside for the moment and current rally should now extend further to 1.1 psychological level first. On the downside, however, break of 1.0773 support will indicate short term topping, possibly with bearish divergence in 4 hours MACD. In such case, deeper retreat would

USD/JPY Daily Outlook

USD/JPY continues to stay in tight range above 81.26 temporary low and intraday bias remains neutral at this point. On the downside, break of 81.26 will indicate that fall from 85.51 has resumed and would then target 61.8% retracement of 76.40 to 85.51 at 79.88 and below. On the upside,