9 | Follower
GBP/USD's rise from 1.2036 continued to 1.2731 last week but retreated after hitting 61.8% retracement of 1.3141 to 1.2036 at 1.2716. Initial bias stays neutral this week first. Some more consolidations could be seen but further rise is expected as long as 1.2590 minor support holds. On the upside, decisive break of 1.2731 will resume the rally for retesting 1.3141 high next.
EUR/AUD's decline from 1.7062 resumed by diving through 1.6319 support last week. Initial bias stays on the downside this week for 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 next. On the upside, above 1.6649 resistance will turn intraday bias and bring consolidations first, before staging another decline.
EUR/CHF's steep decline last week indicates that rebound from 0.9416 has completed at 0.9683 already, after rejection by 0.9691 cluster resistance. Initial bias stays on the downside this week for retesting 0.9407/16 support zone. Decisive break there will resume larger down trend. On the upside, touching 0.9543 minor resistance will delay the bearish case and turn intraday bias neutral first.
EUR/JPY's fall from 164.29 resumed last week and accelerated to as low as 159.63. Breach of 159.75 resistance turned support suggests that it's already corrective the whole rise from 139.05. Initial bias remains on the downside this week. Deeper fall wold be seen to 161.8% projection of 164.29 to 161.22 from 163.70 at 158.73 next. On the upside, above 161.22 support turned resistance will turn intraday bias neutral and bring consolidations first.