EURUSD: Under Pressure, Eyes Further Downside Risk! Recommendations: Short positions below 1.1875 levels with 1.1790 & 1.1737 as next targets. Alternative scenario: The upside breakout of 1.1875 will call for a rebound to 1.1937 levels. Description: As long as 1.1875 resistance holds on a 4-hour closing basis, the EURUSD remains on the downside...
GBPUSD: Consolidates With Downside Bias! Recommendations: Short positions below 1.3571 levels with 1.3525 & 1.3500 as next targets. Alternative scenario: Above 1.3571 look for further upside to the 1.3600/1.3630 levels. Description: As long as 1.3571 resistance holds on a 4-hour closing basis, the GBPUSD remains on the downside to the 1.3525/1.3500 levels, a...
EURUSD: Consolidates With Downside Bias! Recommendations: Short positions below 1.1937 levels with 1.1900 & 1.1860 as next targets. Alternative scenario: The upside breakout of 1.1937 will bring recovery to the 1.1975/1.2012 levels. Description: As long as 1.1937 resistance holds on a 4-hour closing basis, the EURUSD remains on the downside to the 1.1900...
GBPUSD: Continues To Consolidate! Recommendations: Short positions below 1.3485 levels with 1.3430 & 1.3377 as next targets. Alternative scenario: Stability above 1.3485 may bring limited gains to the 1.3560/1.3600 levels before another fall. Description: Despite the pair is bearish, but a short-term support is seen around 1.3485 levels, a sustained breakout - daily closing is...
EURUSD: Bearish Despite Recovery Attempts! Recommendations: Short positions below 1.1945 levels with 1.1870 & 1.1837 as next targets. Alternative scenario: The upside breakout of 1.1945 will extend recovery to the 1.1977/1.2025 levels. Description: Outlook in EURUSD has turned neutral with a risk to the downside, resistance comes at the 1.1945 levels, above that...
GBPUSD: Around Critical Support But Remains Vulnerable To The Downside! Recommendations: Short positions below 1.3485 levels with 1.3430 & 1.3377 as next targets. Alternative scenario: Stability above 1.3485 may bring limited gains to the 1.3560/1.3600 levels before another fall. Description: The pair is bearish at the moment, but both of weekly chart support at...
EURUSD: Bearish Eyes Further Downside! Recommendations: Short positions below 1.1886 levels with 1.1830 & 1.1800 as next targets. Alternative scenario: The upside breakout of 1.1886 will call for a rebound to the 1.1938 levels. Description: As long as 1.1886 resistance holds on a 4-hour closing basis, the EURUSD remains on the downside to...
USDJPY: Consolidates With Downside Bias! Recommendations: Short positions below 109.10 levels with 108.70 & 107.53 as next targets. Alternative scenario: The upside breakout of 109.10 will call for a rebound to the 109.40/109.68 levels. Description: As long as 109.10 resistance holds on a 4-hour closing basis, the USDJPY remains in a corrective pullback...
GBPUSD: Recovers With Caution! Recommendations: Long positions above 1.3544 with 1.3600/1.3630 as next targets. Alternative scenario: The downside breakout of 1.3544 will call for a slide to 1.3515/1.3485 levels. Description: As long as 1.3544 support holds on a 4-hour closing basis, the GBPUSD remains bullish in the short term forecast with a risk...
EURUSD: Under Pressure Below 1.1938 Levels! Recommendations: Short positions below 1.1938 levels with 1.1894 & 1.1858 as next targets. Alternative scenario: The upside breakout of 1.1938 will call for a rebound to the 1.2012/1.2045 levels. Description: As long as 1.1938 resistance holds on a 4-hour closing basis, the EURUSD remains on the downside...