USDJPY broke below 108.73 support, indicating that the downtrend from 114.49 has resumed. Further decline to test 108.13 (Apr 17 low) support is possible in a couple of days. Key resistance is at 110.94, only break above...
AUDUSD is now in uptrend from 0.7807, the fall from 0.7962 is likely correction of the uptrend. A break of 0.7962 resistance will signal resumption of the uptrend, then next target would be at 0.8050 area. Support...
GBPUSD extended its downside movement to as low as 1.2831, facing the support at 1.2811. Near term resistance is at the top trend line of the price channel on its 4-hour chart, followed by 1.2915. As long...
EURUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.1909. As long as the price is in the channel, the downside movement could be expected to continue and next...
USDCAD moved sideways in a trading range between 1.2413 and 1.2778. Support is at 1.2413, a breakdown below this level will signal resumption of the downtrend from 1.3793, then next target would be at 1.2300, followed by...
USDJPY’s downside movement extended to as low as 108.60. Further decline to test 108.13 is still possible, a breakdown below this level could take price to 105.00 area. Resistance is now at 110.94, only a break of...
AUDUSD failed to break below the support of the bullish trend line on the daily chart and rebounded strongly from 0.7807, suggesting that the pair remains in the uptrend from 0.7328. As long as the price is...
GBPUSD broke below the bullish support trend line on its daily chart. Further decline to test 1.2589 key support is possible over the next several days. As long as this level holds, the fall from 1.3267 could...
EURUSD’s pullback from 1.1909 extended to as low as 1.1662. Deeper decline towards the bottom support trend line of the price channel on its daily chart is still possible in the coming days. However, as long as...
The USD/JPY pair broke down again on Friday, as we continue to see a bit of a “risk off” move in the currency markets. The Japanese yen being bought is interesting to me, because it shows that...
