by OverviewFX | Aug 24, 2024 | Forex
EUR/GBP’s steep decline last week suggest that rebound from 0.8382 has completed 0.8624 already, after rejection by 0.8643 resistance. Initial bias stays on the downside this week for retesting 0.8382 low. Decisive break there will resume larger down trend. On the...
by OverviewFX | Aug 24, 2024 | Forex
EUR/JPY stayed in sideway trading below 163.86 last week and outlook is unchanged. Initial bias stays neutral this week first. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from...
by OverviewFX | Aug 24, 2024 | Forex
GBP/JPY stayed in sideway trading below 191.99 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from...
by OverviewFX | Aug 24, 2024 | Forex
AUD/USD’s rally continued last week despite interim retreat. Initial bias is on the upside this week with focus on 0.6798 resistance. Firm break there will extend the rally from 0.6348 to 0.6870 resistance next. On the downside, below 0.6696 support turn bias to the...
by OverviewFX | Aug 24, 2024 | Forex
USD/CHF’s extended decline last week suggests that rebound from 0.8431 has completed at 0.8747, after rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Initial bias is on the downside this week for retesting 0.8431 support first. Firm break there will...
by OverviewFX | Aug 24, 2024 | Forex
GBP/USD’s rally accelerated higher last week and the break of 1.3141 resistance confirms larger up trend resumption. Initial bias remains on the upside this week for 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3075 minor support...
