EURJPY- The cross remains biased to the downside in the long term as it continues to hold on to its long term bearishness and looks to decline further. As long as the 98.77 level caps, the immediate risk points to its psycho...
Read MoreEURUSD: With EUR holding on to its bearish momentum, our bias remains for it to weaken further towards its major support at the 1.2587 level, its Aug 2010 low. We may see a breather here triggering a correction on an initial...
Read MoreGBPUSD: The pair maintains its medium term downtrend as it saw further weakness on the back of its previous week losses on Friday. Though this development saw GBP testing a low of 1.5235 level, it failed to hold below the 1.5270...
Read MoreAUDUSD: While the pair continues to retain its corrective recovery tone, the challenge is for AUDUSD to decisively break and hold above the 1.0378/84 levels. This will set the stage for further strength towards the 1.0444 level,...
Read MoreGBPUSD: The pair is maintaining a firm hold on to its medium term downtrend as it followed through lower on the back of its previous week losses on Friday. Though this development saw GBP testing a low of 1.5235 level, it failed...
Read MoreUSDJPY: As vulnerability to the downside remains, USDJPY looks to return to its Jan 04’2012/Nov 18’2011 lows at 76.57/60. On a clearance of that level, further bear pressure will build up towards the 74.00 level and...
Read MoreEURUSD: The pair has halted its medium term weakness and triggered a recovery breaking above its minor resistance at the 1.2816 level. However, EUR continues to hold on to its broader medium term downtrend. This suggests a...
Read MoreGOLD: With Gold holding slightly higher above its key resistance at the 1,641.25 level, its Dec 21’2011 high following its continued nearer term upside offensive, the risk is for further extension to follow. This will set...
Read MoreGBPJPY – With GBPJPY maintaining its long term downtrend and weakening, there is risk of further declines towards the 116.78 level, its Sept 22’2011 low. The cross has been weakening since tumbling off its...
Read MoreAUDUSD: With a build up on its rally started from the 1.0141 level in force, AUDUSD now looks to return above its key resistance levels. In such a case, its resistance zone at the 1.0378/84 levels will come in as its immediate...
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