Despite falling to 1.2389, EUR/USD's rebound from there invalidated the triangle consolidation scenario and suggests that consolidation from 1.2329 is still in progress. The current interpretation is that wave a of the consolidation has completed at 1.3290, wave b at
USD/CAD's rebound from 1.1464 extended further to as high as 1.2445 last week but retreated mildly since then. With 4 hours MACD staying below signal line, some sideway trading could be seen initially this week. Nevertheless, as discussed before, correction
EUR/JPY dipped to 117.67 last week but rebounded strongly from there. The development suggests that fall from 131.02 to 117.67 is corrective in nature and in turn argues that rebound from 113.63 is still in progress. Further rise is mildly
GBP/JPY's fall from 165.02 extended further to as low as 13.88 but recovers mildly after hitting 139.02 low. Nevertheless, initial bias remains on the downside this week as long as 147.62 minor resistance holds. Firm break of 139.02 will confirm
USD/JPY fell to as low as 94.47 last week but rebounded strongly from there. Such development argues that fall from 100.54 to 94.47 is in three wave corrective structure which in turn suggests that whole rebound from 90.92 is still
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