EURUSD,GBPUSD,AUSUSD,USDJPY,USDCHF
EURUSD:Buy@1.3215 tp @ 1.33 & 1.332
Eurusd continues
today and reaches as high as 1.3246 so far today.
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 1.3187 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.
GBPUSD: buy@ 1.624 tp @ 1.6315 & 1.6340
Gbpusd still in progress and intraday bias remains on
the upside for the moment. As noted before,corrective fall from 1.6309 is
finished at 1.5827 already. Further rally should now target 1.6309 key
resistance next. On the downside, below 1.6193 minor support will turn bias
neutral and bring consolidations. But retreat should be contained well above
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 .
AUSUSD: Sell@ 1.054 tp @
1.0505 & 1.048
Aususd rebound from 1.0148 as a corrective move only and thus, 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 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
Aususd rebound from 1.0148 as a corrective move only and thus, 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 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
USDCHF: Sell@ 0.9145 tp @
0.9085 & 0.9060
Usdchf fall is still in progress and intraday bias
remains on the downside, Current from 0.9512, which is part of the decline from
0.9971 should target 61.8% projection of 0.9971 to 0.9214 from 0.9512 at 0.9044
next. On the upside, above 0.9194 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 Deeper
decline is expected 0.7065 to 0.9971 at 0.8861.
USDJPY: Buy@ 84.05 tp @ 84.55 & 84.7
This pair resumed after brief consolidation and edges higher to 84.43 so far today. Intraday bias is back on the upside and current rally could extend towards 85.51 key resistance. As usdjpy is now inside 84.17/85.51 resistance zone, continue to be cautious on reversal signal. 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, expect the downside from 124.13 to resume sooner or later to a new low below 75.56. decisive break of 85.51 will be a sign of medium term .
This pair resumed after brief consolidation and edges higher to 84.43 so far today. Intraday bias is back on the upside and current rally could extend towards 85.51 key resistance. As usdjpy is now inside 84.17/85.51 resistance zone, continue to be cautious on reversal signal. 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, expect the downside from 124.13 to resume sooner or later to a new low below 75.56. decisive break of 85.51 will be a sign of medium term .
