Signals

Current breach of indicated resistance at 0.8422 has dampened our bearishness and signals recent decline has formed at low at 0.8222 earlier, hence consolidation with upside bias would be seen for retracement of recent decline to previous support at 0.8485 (wave i bottom), however, break there is needed to shift

As the greenback has remained confined within near term established range, further consolidation within 0.9083-0.9149 would be seen and reckon said resistance would limit upside, bring another test of 0.9083, break there would extend recent decline to 0.9050-60, however, loss of downward momentum should prevent sharp fall below 0.9030 and

Cable’s selloff after meeting heavy selling interest right at 1.5816 signals the rebound from 1.5644 has ended at 1.5880 and retest of this level would be seen, however, break there is needed to signal early fall from 1.5929 top has resumed for a stronger retracement of recent upmove to 1.5600-05

Euro’s near term sideways trading is expected to continue and as long as resistance at 1.3293 (yesterday’s high) holds, risk of another corrective fall cannot be ruled out, however, renewed buying interest should emerge around 1.3130-35 (50% Fibonacci retracement of 1.2975-1.3293) and bring another rise later. A break of said

Although the greenback has risen again on cross-selling in Japanese yen and recent rise may extend marginal gain, loss of near term upward momentum should prevent further sharp move and reckon 80.50 would hold from here, bring retreat later. Below the Ichimoku cloud top (now at 79.65) would suggest top

Although the greenback has rebounded again after falling to 0.9907 and consolidation with mild upside bias is seen for retracement of recent decline to resistance at 1.0052, break there is needed to confirm low has been formed and bring correction to 1.0100-10, however, reckon resistance at 1.0148 would hold from

As the greenback has remained confined within near term established range, further consolidation within 0.9083-0.9149 would be seen and reckon said resistance would limit upside, bring another test of 0.9083, break there would extend recent decline to 0.9050-60, however, loss of downward momentum should prevent sharp fall below 0.9030 and

Despite intra-day brief bounce to 1.5816, cable met heavy selling interest right at the Kijun-Sen and has tumbled, dampening our bullishness and signal the rebound from 1.5644 has ended at 1.5880 and weakness to 1.5655 cannot be ruled out, however, as broad outlook is still consolidative, reckon downside would be