GBP/JPY's break of 155.81 minor resistance suggests that retreat from 157.59 has completed and flips intraday bias back to the upside. Break of 157.79 will indicate that whole rise from 146.75 has resumed. As discussed before, correction from 162.56 should

Intraday bias in EUR/JPY remains mildly on the downside with 134.33 minor resistance intact. A short term top should be in place at 136.08 with bearish divergence condition in 4 hours MACD and some more consolidation could be seen. Nevertheless,

EUR/CHF's rise extends further to as high as 1.5295 so far today and the break of 1.5281 resistance affirms the case that correction from 1.5380 has completed at 1.5108 already. Further rise should now be seen to retest 1.5380 high

EUR/GBP falls sharply to as low as 0.8517 so far today and the break of 0.8546 support suggests that choppy corrective rise from 0.8399 has completed already. Also, this suggests that whole fall from 0.9494 is still in progress for

The British pound found traded in relatively narrow range and further consolidation should take place, however, as the rebound from 146.75 exceeded 61.8% Fibonacci retracement of 162.60 to 146.75 at 156.55, suggesting the pullback from 162.60 has possibly ended there

The British pound found renewed buying at 1.7391 and although price has rebounded from there, it is necessary to see a break above recent high of 1.8114 to confirm the rise from multi-decade low of 1.5122 (December 2008) has resumed

The Australian dollar finally broke above recent high of 0.7265, confirming our view that wave iv correction from 0.8265 has ended at 0.7700 and wave v is under way which already reached our indicated upside target of 0.8292 (1.618 times

The single currency has remained under pressure after resuming recent decline from 1.7509 and test of trendline support at 1.5200 is likely, a daily close below this trendline would extend to 1.5106 (100% projection of a leg from 1.7509-1.5642, measuring

Despite falling to 0.8125 yesterday, the rebound from there is a bit sharper than expected, suggesting upside risk remains for further gain to 0.8290/00, however, only break of 0.8339 resistance (wave iii top) would signal wave v of (v) has

As the single currency has remained confined inside narrow range, further consolidation would take place, however, as long as support at 132. 80 holds, another bounce cannot be ruled out, however, as temporary top has been formed at 136.11 (wave

Yen crosses are generally higher following rally in European stocks as well as US stocks. DOW breaks out of this week's tight range and surges above 9100 level in early trading. Aussie is supported by risk appetite as well as

GBP/JPY's break of 157.59 indicates that rise from 146.75 has resumed. At this point, intraday bias remains on the upside as long as 155.19 minor support holds and further rally should be seen targeting 160.24 resistance first. As discussed before,

USD/JPY's rally resumes after brief consolidation and breaks of 95.37 sets the stage for rally to 100% projection of 91.73 to 94.78 from 93.07 at 96.12 next. Break will bring a test of near term channel resistance of 96.64 On

USD/CHF's rally resumes after brief consolidation and is set to take on 1.0938 resistance. As discussed before, break there will revive the case that USD/CHF has indeed bottomed at 1.0590 already. In such case, focus will turn to 1.0210 resistance

Intraday outlook in GBP/USD remains neutral as the pair continues to stay in range of 1.6265 and 1.6582. Nevertheless, with 1.6265 support intact, further rise is still in favor in GBP/USD. Above 1.6582 will target a retest of 1.6742 high

Intraday bias in EUR/USD remains on the downside as long as 1.4130 minor resistance holds. Rise from 1.3832 has likely completed at 1.4303 already and further fall should be seen to retest this support. Break there will revive the case

The greenback has resumed recent rise from 91.73 on renewed cross-selling in yen, as both Tenkan-Sen and Kijun-Sen starting trending higher again with price still trading well above the Ichimoku cloud, suggesting further gain towards 96.00/10 is under way, however,

As the single currency ran into offers just below the Tenkan-Sen and Ichimoku cloud bottom and then retreated, suggesting downside risk remains for a retest of 1.4007, break there would extend the decline from 1.4305 top towards 1.3979 (1.236 times

Cable’s cross-inspired rebound from 1.6338 turned out to be stronger than expected and test of resistance at 1.6558 cannot be ruled out, however, it is still necessary to see a break of this level to confirm recent upmove from 1.5983

Although the greenback has risen after finding renewed buying interest in Asian market at 1.0842 and marginal rise above resistance at 1.0940 cannot be ruled out, however, upside should be limited to 1.0957 (approx. 50% projection of 1.0658-1.0908 measuring from