Being contained by 100.75 (Feb 4 low) support, USDJPY rebounded from 100.83. Resistance is now at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the rise from 100.83...
Being contained by 0.9202 support, AUDUSD rebounded from 0.9208. However, the rise would possibly be consolidation of the downtrend from 0.9408, as long as 0.9300 resistance holds, another fall to re-test 0.9202 support is possible, a breakdown...
GBPUSD remains in uptrend from 1.6731, further rise could be expected after a minor consolidation, and next target would be at 1.6970 area. Support is now at 1.6830, only break below this level could trigger another fall...
EURUSD broke below 1.3648 support, indicating that the downtrend from 1.3993 has resumed. Further decline would likely be seen, and next target would be at 1.3600 area. Resistance is at 1.3734, only break above this level could...
Retail sales out of the UK were reported today. The British Pound rallied after the release of this report which pointed towards a much stronger UK consumer. Retail sales rose by 1.8% in April on a monthly...
GBP/AUD’s downtrend might soon reverse, as the pair has formed a double bottom pattern on its 4-hour time frame. The pair has bounced off the 1.7850 minor psychological level a couple of times then found resistance at...
USDCAD is facing 1.0926 resistance, a break above this level will signal resumption of the uptrend from 1.0813, then further rise towards the upper line of the price channel on 4-hour chart could be seen. Support levels...
USDCHF’s upward movement from 0.8702 had completed at 0.8959 already, and the pair is now in downtrend. Another fall could be expected, and next target would be at 0.8830 area. Resistance is at 0.8959, only break above...
USDJPY remains in downtrend from 102.36, the rise from 101.10 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 100.00 area. Resistance is at 101.65,...
AUDUSD is facing 0.9202 support, a breakdown below this level will indicate that the downtrend from 0.9461 has resumed, then the following downward movement could bring price to 0.8500 area. Resistance is now at 0.9300, only break...
