EUR/USD’s recovery extend further tο аѕ high аѕ 1.2896 last week bυt іѕ still limited below mentioned 1.2921 resistance. Considering thаt іt’s near tο thіѕ resistance, wе′ll stay neutral initially thіѕ week. Aѕ long аѕ 1.2921 resistance holds, wе′d still expect fall frοm 1.3330 tο resume sooner οr later. Below

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USD/JPY stayed in choppy sideway trading last week as consolidations for 83.61 continued. Initial bias remains neutral this week and some more consolidations could still be seen. Note that above 85.89 will bring stronger rebound. But even in such case, upside upside should be limited well below 88.25 support turned

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GBP/USD dipped tο 1.5326 last week bυt turned sideway ѕіnсе thеn. Initial bias remains neutral thіѕ week аnԁ ѕοmе more consolidations сουƖԁ bе seen. Nevertheless, upside іѕ expected tο bе limited bу 1.5596 resistance аnԁ result іn resumption οf fall frοm 1.5997. Below 1.5326 wіƖƖ target 1.5123 cluster support (50% retracement

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USD/CHF dropped sharply to as low as as 1.0064 last week before recovering mildly. Initial bias is neutral this week and some sideway trading might be seen first. But still, short term outlook remains bearish as long as 1.0330 resistance holds and another fall is still expected. Below 1.0064 will

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AUD/USD jumped sharply to as high as 0.9174 last week and the strong rise affirms the case that AUD/USD has not topped out yet. Initial bias remains on the upside this week for 0.9220 and then 61.8% projection of 0.8315 to 0.9220 from 0.8770 at 0.9329 next. On the downside,

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USD/CAD had another attempt on 1.0675 resistance last week but failed and reversed sharply. Subsequent fall fro 1.0671 dragged daily MACD below signal line and suggests that rise from 1.0106 is already finished. More importantly, the development indicates that USD/CAD is still bounded inside recent range of 1.0106 and 1.0851.

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EUR/GBP's rebound from 0.8141 extended further last week and the break of 0.8281 resistance indicates that fall from 0.8530 is completed at 0.8141 already. Initial bias is mildly on the upside this week for 0.8361 resistance first. Break will target a test on 0.8530 next. On the downside, break of

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EUR/CHF's down trend extended to as low as 1.2850 last week but the cross formed a short term bottom there and staged a strong rebound. Initial bias is mildly on the upside this week as recovery from 1.2850 continues. Further rise could be seen to 1.3270/3455 resistance zone but upside

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EUR/JPY's consolidation continued last week and stayed in range of 105.42/109.54. Initial bias is mildly on the upside this week and further rise might be seen as consolidations continue. Nevertheless, upside is still expected to be limited by 111.09 cluster resistance and bring resumption of fall from 114.72. Below 107.45

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