EURJPY Forecast The EURJPY continued its bullish momentum yesterday, topped at 114.89 and closed at 114.51. The bias remains bullish in nearest term testing 115.65. Immediate support at 113.75. Break below that area could lead us to neutral zone in nearest term but I think we are in a new bullish phase here. GBPJPY Forecast [...]
EURUSD Forecast The EURUSD continued its bullish momentum yesterday, topped at 1.4151 and closed at 1.4125. The bias remains bullish in nearest term testing 1.4158. Clear break above that area could trigger further bullish momentum testing 1.4220/50 before targeting 1.4375 ? 1.4400 region. Immediate support at 1.4060. Break below that area could trigger further bearish [...]
GBPUSD Forecast The GBPUSD continued its bullish bias yesterday, topped at 1.6170 but closed lower at 1.6105. The bias remains bullish in nearest term testing 1.6250 area. Immediate support at 1.6079 and the lower line of the minor bullish channel. Break below that area and violation to the downside of the minor bullish channel could [...]
USDCHF Forecast The USDCHF continued its bearish momentum yesterday. As you can see on my h4 below price slipped below the bullish channel indicates a serious threat to the bullish outlook testing 0.9650 ? 0.9600 support area. Immediate resistance at 0.9800. Break above that area would keep the bullish scenario intact testing 0.9877 ? 0.9928 [...]
USDJPY Forecast The USDJPY still trapped inside a range area without a clear direction and consistent momentum so far. The bias remains neutral in nearest term. Expected range at 81.95 ? 80.24, but still with more downside bias. 81.95 level could be a good place for a short position. Good downside target (80.24 ? 79.70) [...]
USDCHF Forecast The USDCHF was corrected lower significantly yesterday, bottomed at 0.9757 and closed at 0.9793. The bias remains bearish in nearest term testing 0.9730 and the lower line of the bullish channel but as long as price moves inside the bullish channel we are still in bullish phase. Immediate resistance at 0.9877. Break above [...]
USDJPY Forecast The USDJPY didn?t make significant movement yesterday. In fact, I think this pair has been trendless in the last two weeks. However the overall bias remains bearish testing 79.70 in nearest term. Immediate resistance at 80.85 followed by 81.95. The major outlook remains bearish but no significant bearish momentum so far. ©2010 FX [...]
GBPUSD Forecast The GBPUSD was volatile but remains indecisive yesterday. The bias is neutral in nearest term but the major outlook remains to the upside with 1.6105 as the nearest resistance line to be tested. Above that, 1.6250 could be seen this week. Immediate support at 1.6000 and the lower line of the minor bullish [...]
EURJPY Forecast The EURJPY had a significant bullish momentum yesterday, violated the bearish channel to the upside as you can see on my h4 chart below indicates a serious threat to the bearish scenario and potential bullish outlook testing 113.75 and 114.65 area. Immediate support at 112.25. Break below that area could trigger further bearish [...]
EURUSD Forecast The EURUSD had a bullish momentum yesterday, topped at 1.4057 and closed at 1.4032. On h4 chart below we can see that the major bearish channel has been violated to the upside indicates a serious threat to the bearish outlook and potential bullish continuation re-testing 1.4158 area. However we haven?t seen consistent momentum [...]
