EURUSD Forecast The EURUSD was corrected higher yesterday, filled the weekend gap, topped at 1.3064 and closed at 1.3058. The bullish momentum should be seen just as a corrective movement and overall I remain bearish. Immediate resistance is seen around 1.3064/80. A clear break above that area could trigger further bullish correction testing 1.3135/50 resistance [...]
GBPUSD Forecast The GBPUSD attempted to push higher yesterday, but closed lower at 1.5951 after unable to break above 1.6000. The bias is neutral in nearest term. Overall price is still in a bullish intraday phase since the false breakdown below 1.5650 but still need a clear break and daily close above 1.6000 to continue [...]
EURUSD Forecast The EURUSD failed to continue its bullish momentum yesterday after unable to make a clear break above 1.3480, bottomed at 1.3314 and closed at 1.3323. As you can see on my h4 chart below, we have a double top formation around 1.3480 and a clear break below 1.3320 support area could trigger further [...]
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 [...]