GBPUSD Forecast The GBPUSD attempted to push higher yesterday, topped at 1.5601 but closed a little bit lower at 1.5576 and hit 1.5536 earlier today. The bias is neutral in nearest term but as long as stays above 1.5400 my overall intraday bias remains to the upside since the rejection to move consistently below 1.5270 [...]
EURJPY Forecast The EURJPY was indecisive yesterday made a Doji on daily chart. The bias remains bearish in nearest term testing 100.74 support area. A clear break and daily close below that area could trigger further bearish scenario testing 100.00 psychological support. Immediate resistance is seen around 101.81 (yesterday’s high). A clear break above that [...]
EURUSD Forecast The EURUSD was volatile but indecisive yesterday. Price attempted to push higher, topped at 1.3539 but closed lower at 1.3453 and bounced higher again earlier today in Asian session hit 1.3503. There are no changes in my technical outlook. As long as price stays below 1.3590 I still prefer to short on rallies. [...]
EURJPY Forecast The EURJPY had a significant bullish intraday movement yesterday, slipped above the ascending triangle and 111.04 resistance area as you can see on my h4 chart below. This fact could trigger further bullish correction scenario testing the trend line resistance and 112.50 area in nearest term. Immediate support is seen around 111.04 (former [...]
Good morning everyone. Yesterday’s market continue to short US Dollar as expected per our forecasts. Today I have the same outlook for the US Dollar – weak. Expect some retracements on the way. USD Read more…