USDJPY Analysis. USDJPY bounce strongly to as high as 81.84. Further rise is still possible, and next target would be at 82.50 area. Initial support is at 80.90, only break below this level could indicate that a...
GBPUSD Analysis. GBPUSD is facing 1.5962 key support again, a breakdown below this level will indicate that the longer term uptrend from 1.5344 (Dec 28, 2010 low) had completed at 1.6343 already, then the following downward movement...
GBPUSD Analysis. GBPUSD consolidated in a range between 1.5962 and 1.6343 for several weeks. As long as 1.5962 key support holds, we’d expect uptrend to resume, and another rise towards 1.7000 is still possible. However, a breakdown...
USDCHF Analysis. USDCHF stays in a trading range between 0.9201 and 0.9368 for several days. Deeper decline to test 0.9201 key support could be expected later today, a break below this level will indicate that the downtrend...
GBPUSD Analysis. Being contained by 1.5962 support, GBPUSD rebounded from 1.5977, suggesting that a cycle bottom is being formed on 4-hour chart. Further rise would likely be seen later today, and next target would be at 1.6150...
USDCHF Analysis. USDCHF might be forming a cycle top at 0.9368 level on 4-hour chart. Another fall to test 0.9201 key support would likely be seen later today, a break below this level will indicate that the...
EURUSD Analysis. Being supported by the rising price channel on 4-hour chart, EURUSD rebounded from 1.3855. Further rise towards 1.4035 previous high would likely be seen later today, a break above this level will indicate that the...
GBPUSD Analysis. GBPUSD’s fall from 1.6343 extended to as low as 1.6125. Deeper decline towards the rising trend line on 4-hour chart is still possible later today. Uptrend could be expected to resume after touching the trend...
GBPUSD Analysis. GBPUSD broke below 1.6215 support, suggesting that a cycle top has been formed at 1.6343 level on 4-hour chart. Pullback towards the uptrend line from 1.5751 to 1.6030 would likely be seen in a couple...
GBPUSD Analysis. GBPUSD moved sideways in a range between 1.6215 and 1.6343. The price action in the range is treated as consolidation of uptrend from 1.6030. Initial support is at 1.6215, as long as this level holds,...
