GBPJPY – The cross ended the week higher following a strong rally through its key resistance at the 122.61 level, its Oct 17’2011 high and setting the stage for further upside gains. GBPJPY has been under bull...
Read MoreUSDCAD: The pair is on the verge of reversing its two-day corrective weakness as a rally is now seen with the risk of even pushing towards its Oct 18’2011 high at 1.0262. It is now testing its minor resistance located at...
Read MoreEURUSD: EUR continues to build up on its recovery started from the 1.3604 level, closing higher on Thursday and paving the way for further upside. This development leaves our immediate bias slightly higher with the possibility...
Read MoreGBPUSD: With GBP bouncing off its Thursday intraday low at 1.5874 to take back part of its recent corrective weakness, risk of a return to the 1.6161 level, its Oct 2011 high is now building up slowly. On an eventual clearance...
Read MoreGBPJPY – After a two-day of weakness, GBPJPY may have put in a bottom and turned higher with the possibility of further strength seen. If such a follow through occurs, we see the risk of a return above the 127.30/21...
Read MoreUSDJPY: While price hesitation may have set in following its recent rally, USDJPY continues to hold on its short term upside tone. With the pair now out of its consolidation zone, risk of further upside towards the 80.19 level,...
Read MoreUSDCHF: The pair has backed off higher prices following its three-day rally and now faces bear threats. However, we see the risk of a return to the upside on ending present threats and then targeting its key resistance at the...
Read MoreGOLD: With a lower level rejection candle printed on Tuesday and a follow-through higher seen today, the risk of returning above the 1,693.95 level, its Oct 17’2011 high is building up. If this occurs, the 1,786.70 level,...
Read MoreEURGBP- Price hesitation may have set in but EURGBP continues to retain its nearer term weakness triggered from the 0.8833 level. This development now leaves EURGBP vulnerable to the downside towards the 0.8530 level, its Sept...
Read MoreEURCHF – The cross continues to maintain a consolidation mode following its corrective recovery triggered from the 1.0071 level on Aug 09’2011. However, it requires a decisive break and hold above the 1.2475 level,...
Read More
