USD/JPY’s rally from 152.25 resumed by breaking through 159.88 resistance last week. Initial bias remains on the upside and further rise should be seen to retest 161.94 high next. On the downside, below 159.35 minor support will turn intraday bias neutral first. But near term outlook will stay bullish as long as 157.49 support holds,…
EUR/USD remains bounded in consolidations above 1.1408 last week and outlook is unchanged. Initial bias stays neutral this week first. Further decline is expected with 1.1666 cluster resistance (38.2% retracement of 1.2081 to 1.1408 at 1.1665) intact. On the downside, firm break of 1.1408 will resume the fall from 1.2081 to 38.2% retracement of 1.0176…
EUR/GBP stayed in range trading above 0.8610 last week. Initial bias remains neutral this week first. On the upside, sustained break above 55 D EMA (now at 0.8680) will confirm short term bottoming, and bring stronger rebound back to 0.8788 resistance. However, rejection by 55 D EMA will set up another fall through 0.8611 to…
EUR/JPY’s rebound from 182.02 extended higher last week but retreated just ahead of 184.75 resistance. Initial bias remains neutral this week first. On the upside, break of 184.75 will resume the rise from 180.78 to retest 186.86 high. On the downside, however, below 183.17 minor support will turn bias back to the downside for 182.02…
Created on March 26, 2026 Last Friday the NZD/USD was above 0.58900 a couple of times. The currency pair was within sight of the 0.61000 mark towards the end of January. On the 27th of February the NZD/USD was close to 0.60075. As of this morning the realm of 0.57860 is being seen with fast…
GBP/USD is under pressure due to cautious market sentiment, USD strength stemming from Middle East ceasefire strains, and uncertainty following President Trump’s delay of Iran’s energy plant destruction. Technical analysis reveals a bull flag pattern on the H1 chart, suggesting a potential 100-pip rally If the price fails to clear the 200 SMA and breaks…
Created on March 27, 2026 British pound continues to see a lot of noisy sideways trading. British pound dropped initially during the trading session on Thursday but has turned around to show signs of life again as the market continues to bang around in a fairly well-defined range. The 200-day EMA sits right about where…
AUD/JPY’s selloff is accelerating as renewed risk aversion combines with a growing “stagflation trap” that is undermining the Reserve Bank of Australia’s hawkish outlook. While markets still price around a 72% chance of a May rate hike, surging energy and fertilizer costs are increasingly seen as a drag on growth rather than a simple inflation…
Daily Pivots: (S1) 1.3820; (P) 1.3844; (R1) 1.3886; More… USD/CAD’s rally from 1.3480 is in progress and intraday bias remains on the upside. It’s seen as correcting the whole down trend from 1.4791 and should target 1.3927 resistance, or probably further to 38.2% retracement of 1.4791 to 1.3480 at 3981. On the downside, below 1.3816…
Ed Wicks has been promoted to head of global markets at Legal & General Asset Management, a newly created role for the firm. Wicks’ promotion marks an extension of his ongoing eight-year long tenure at the asset manager, having initially joined in 2015 as head of equity trading. He later stepped up as global head…