USDJPY: With USDJPY reversing almost all of its previous week gains at the end of the week, further price extension is likely to occur in the new week. This will leave the pair targeting the 77.66 level where a violation will...
Read MoreEURUSD: The pair continues to face recovery threats as EUR looks to strengthen further in the new week. However, it will have to break and hold above the 1.2687 level to open the door for further upside. In such a case, the...
Read MoreUSDCHF: Although the pair continues to face downside threats, its broader medium term bias still points higher. As long as the pair continues to trade above the 0.9366/34 levels, the above view remains valid. With that said,...
Read MoreAUDUSD: With AUDUSD cutting through the 1.0001/2 levels to resume its corrective recovery started from the 0.9584 level, risk of further strength continues to build up. However, we will have to see a firm hold above here on a...
Read MoreEURUSD: While EUR may be slightly biased to the upside, it now sees price hesitation putting its upside on hold. As long as the pair holds below the 1.2620/68 levels, the risk remains lower towards the 1.2408 level, its Jun...
Read MoreUSDJPY: Price hesitation is now seen on the pair’s inability to extend its recovery. However, the pair continues to hold on to most of its recovery gains started from the 77.66 level. This leaves upside risk towards the...
Read MoreGBPJPY – Although seen turning off ahead of the 124.32 level on Wednesday to close lower, it continues to retain most of corrective recovery gains. As long as it continues to hold above the 121.89 level, the risk is for it...
Read MoreGOLD: GOLD may be attempting on the upside again after failing and turning lower off the 1,640.45 level the past week. However, its broader medium term bias still points lower. While holding below the 1,640.45 level, the risk is...
Read MoreEURUSD: As long as EUR holds below the 1.2620/68 levels, the risk remains lower towards the 1.2408 level, its Jun 05’2012 low. A cut through here will pave the way for a move lower towards the 1.2286 level. Further down,...
Read MoreEURGBP-With the cross bearish and weakening, further declines is likely towards the 0.7970/49 levels. As long as it holds below the 0.8140 level and its medium term declining trendline, the above view remains intact. On...
Read More
