Although cable's rebound from 1.5983 is a bit stronger than expected, only above resistance at 1.6745 would signal the wave (iv) has ended and wave (v) of larger degress wave C would extend to 1.6850 but as this move is

Despite falling to 146.75 the week before, the British pound then rebounded again thereafter on risk appetite, suggesting the wave 4 may or may not have ended at 162.60 and gain to 157.00 cannot be ruled out but only a

The Australian dollar finally retreated after surging to 0.8176 yesterday, suggesting the minor wave (i) of iii has possibly ended there and consolidation below this level in wave (ii) is taking place, below minor support at 0.8109 would bring stronger

Although euro's retreat from yesterday's high of 134.76 was slightly stronger than expected and further consolidation below this level would take place, as long as support at 132.97 (previous minor resistance) holds, we still expect upmove to resume in wave

GBP/JPY faces some initial resistance ahead of 61.8% retracement of 162.56 to 146.75 at 156.52 and retreats. Intraday bias is turned neutral with 4 hours MACD dragged below signal line. Some consolidation could now be seen but short term outlook

EUR/JPY faces some initial resistance after hitting 61.8% retracement of 139.21 to 127.08 at 134.57 and retreats. Intraday outlook is turned neutral for the moment with 4 hours MACD dragged below signal line and some consolidation could now be seen.

With 0.8576 support intact, we're still preferring the bullish case that rise from 0.8399 is still in progress. Break will 0.8697 will continue to add favor to the case the EUR/GBP has already bottomed out at 0.8399 and will pave

The greenback continued to move lower last week in line with our expectation and retest of 1.0592 support is likely, break there would extend the decline from 1.1967 towards 1.0500, however, support at 1.0370 should limit downside and we still

The British pound continued to find good support above the Tenkan-Sen and retest of recent high of 1.6745 cannot be ruled out but it is necessary to break this level to confirm the upmove from 1.3500 has resumed and extend

Dollar's recovery was brief as risk appetite continues to dominate financial markets. Euro, Swissy and Aussie are resuming recent rally in early US session on anticipation of higher open in stocks. Upbeat earnings reports from some big names boost investor

EUR/USD's rally resumes after brief consolidation and at this point, intraday bias remains on the upside for a test of 1.4337 resistance first. As discussed before, consolidation from 1.4337 should have completed already and current rise is tentatively treated as

The currency pair has retreated after brief bounce to around 94.39/40, suggesting further consolidation below 94.80 would take place and mild downside bias remains for fall towards 93.25 support, however, it is necessary to see a break below this level

Although the single currency resumed recent upmove from 1.3832 after finding renewed buying at the Tenkan-Sen and rose marginally to 1.4278, as recent upmove is losing upward momentum, sharp move beyond 1.4300 is unlikely and price should falter well below

Despite rising to 1.6560 yesterday, the subsequent cross-inspired retreat suggests a temporary top has been formed there and consolidation with downside bias is seen for another fall to 1.6383 but break there is needed to confirm this view and bring

AUD/USD's rise resumes after brief consolidation and at this point, intraday bias remains on the upside as long as 0.8103 minor support holds. The break of 0.8154 resistance is taken as another signal that consolidation from 0.8262 has completed at

USD/CAD's fall resumes after brief consolidation and reaches as low as 1.0964 so far today. Downside momentum continues to diminish with 4 hours MACD staying above signal line but after all, there is no clear sign of bottoming yet. Break

USD/CHF's fall resumes after brief consolidation an reaches as low as 1.0622 so far in early US session. Further decline should be seen to 1.0590 low next. As discussed before, consolidation from 1.0590 should have completed and whole fall from

Intraday outlook remains neutral for the moment as USD/JPY is still staying in range of 93.25/94.87, with 4 hours MACD staying below signal line. The development so far is consistent with out view that correction from 91.79 will be limited

GBP/USD's retreat from 1.6555 is deep but after all it's still holding well above 1.6265 support. Hence, while some consolidation might be seen, rise from 1.5983 is still expected to resume sooner or later. As noted before, correction from 1.6742

Although the Australian dollar has risen again after finding support above the Tenkan-Sen and gain to 0.8210/15 cannot be ruled out, as hourly oscillators should display bearish divergence on such a move, price should stay well below recent high at