EURUSD,GBPUSD,AUSUSD,USDJPY,USDCHF
EURUSD: Buy @ 1.3130 tp @
1.3184 & 1.321
Eurusd is as high as 1.3187
so far the break of 1.3171 resistance should confirm resumption of whole rise
from 1.2042. Intraday bias remains on the upside and current rally should
target 61.8% projection of 1.2042 to 1.3171 from 1.2661 at 1.3359 next. On the
downside, below 1.3065 minor support will turn bias neutral and bring
consolidations. But retreat should be contained well above 1.2876 and bring
another rally.fall from 1.4939 is treated as a falling leg inside the
consolidation pattern that started at 1.6039 (2008 high). Such decline should
have completed at 1.2042 already. Break of 1.3486 will confirm and should pave
the way to 1.5 psychological level in medium term. now stay bullish as long as
1.2661 support holds.
GBPUSD: Buy @ 1.6140 tp@
1.6190 & 1.6215
Rise from 1.5827 extends
today and the break of 1.6174 resistance should confirm our bullish view that
corrective fall from 1.6309 is finished at 1.5827 already. Intraday bias
remains on the upside and current rally should now target 1.6309 key resistance
next. On the downside, below 1.6084 minor support will turn bias neutral and
bring consolidations. But retreat should be contained by 1.6001 support and
bring another rally.price actions from 1.3503
(2009 low) are treated as consolidations to long term down trend from 2.1161,
no change in this view. There are various interpretations on the pattern from
1.3503 but after all, as long as 1.5234 support holds, such consolidation would
extend. On the upside, sustained break 1.6300 will likely bring further rise to
1.7043 and above to extend the consolidation pattern.
USDJPY: Buy @ 83.71 tp@ 84.2
& 84.4
Usdjpy jumps further to as high as 84.32 today and
breached 84.14 resistance. Intraday bias remains on the upside for the moment
for further rally. continue to be cautious on reversal signal from now on, in
particular inside 84.17/85.51 resistance zone. Though, break of 82.83 support
is needed to indicate short term topping first. Otherwise, outlook will stay
bullish.rise from 77.13 is viewed as a leg inside the consolidation pattern
from 75.56. Such rally could extend to 84.17 and above. But after all, there is
no clear indication of long term trend reversal yet. As long as 85.51
resistance holds, can expect the downside from 124.13 to resume sooner or later
to a new low below 75.56. However, decisive break of 85.51 will be a sign of
medium term reversal and strong rise next.
USDCHF: Sell @0.9200 tp@0.915
& 0.9136
Usdchf decline is
still in progress. As noted before, whole fall from 0.9971 has just resumed and
should target 61.8% projection of 0.9971 to 0.9214 from 0.9512 at 0.9044 next.
On the upside, above 0.9240 minor resistance will turn bias neutral and bring
consolidations. But recovery should be limited below 0.9382 resistance and
bring another fall.medium term rebound from 0.7065 is viewed as a corrective
move and should have completed after hitting 0.9916 resistance (61.8%
retracement of 1.1730 to 0.7065 at 0.9948). Deeper decline is expected to 38.2%
retracement of 0.7065 to 0.9971 at 0.8861. can hold on to this bearish view as
long as 0.9512 resistance holds.
AUSUSD: Sell @ 1.0560 tp @ 1.0510 & 1.050
Rebound from 1.0148 as a
corrective move only, expect upside to be limited below 1.0624 and bring
another decline. Below .0461 minor support will turn bias back to the downside,
further break of 1.0286 support will target a new low below 1.0148. However,
break of 1.0624 will indicate that rebound from 0.9588 has resumed for 1.0852
resistance. price actions from 1.1079 high are treated as a consolidation
pattern in the larger up trend, in form of a triangle. Fall from 1.0624 is
viewed as the last leg inside the pattern and could extend lower. But downside
of the fall from there should be contained above 0.9588 and the larger up trend
is ready to resume soon. Break of 1.0624 should send aususd through 1.0852 to retest 1.1079 resistance next.
