EUR/USD retreats mildly after reaching as high as 1.5836 earlier today. Nevertheless, intraday bias remains on the upside as long as 1.5718 minor support holds. Further rally is expected to test 1.5843 resistance.
USD/JPY's sharp fall from 108.41 extended to as low as 104.98 before recovering mildly. Break of the trend line support, followed by breaking of 105.56/58 indicates that medium term rebound from 95.77 has likely topped out at 108.58 already. Further decline is now expected to 104.43 support first.
GBP/USD retreats mildly after edging higher to 1.9966 earlier today. Touching of 1.9896minor support argues that an intraday top is in place and some consolidation could be seen. Nevertheless, downside should be contained by 1.9803 support and bring another rise.
USD/CHF recovers mildly after diving further to 1.0129 earlier today but still, intraday bias remains on the downside as long as 1.0220 minor resistance holds.
EUR/JPY's fall from 169.46 extends further to as low as 166.08 today before turning sideway. As discussed before, an intraday top is already in place at 169.46. Further decline is still in favor as long as 168.13 minor resistance holds.
(Source: Actionforex.com)
No comments:
Post a Comment