The EURUSD continued its bearish momentum on Friday, bottomed at 1.3502 and closed at 1.3528. The key support level to be tested at this phase is the triple bottom area around 1.3450/35 area as techni...

The break below 136.64 provoked follow-through and has approached the 135.17-26 lower support. While the 136.09 area caps in early trading we can still see losses to this support. If a bullish trade s...

GBP/JPY's recovery extended further to 139.33 last week but failed to reversed after hitting mentioned 139.21 cluster resistance (38.2% retracement of 150.68 to 132.13 at 139.21, 61.8% retracement of ...

Last week, it the USD crosses such as the EUR/USD and GBP/USD were showing signs of reversal after greenback dominance for end of 2009 and most of 2010 so far. However, by week's end, the greenback pr...

Intraday bias is turned neutral with 4 hours MACD crossed below signal line. GBP/JPY has made an intraday top at 139.33 after hitting mentioned 139.21 cluster resistance (38.2% retracement of 150.68 t...

The GBP/JPY pair is still controlled by the connected bearish harmonic formation as seen on the provided four-hour chart. Thereby, possible bearishness could be seen over intraday basis, supported by ...

The EURUSD had a significant bearish momentum yesterday, break below the bullish channel indicating potential bullish failure testing 1.3530 area even 1.3450/30 key support level. The bias is bearish ...

After the EUR/USD traded close to a bearish trend-line from December till March it recovered and is still trading close to a young bullish trend-line. After the currency pair crossed the bearish trend...

EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead....

GBP/JPY rose to 139.33 but retreated sharply after hitting 139.21 cluster resistance (38.2% retracement of 150.68 to 132.13 at 139.21, 61.8% retracement of 143.59 to 132.13 at 139.21). As noted before...

Connected bearish harmonic structures controlled the movements of the GBP/JPY pair and it is clear that, yesterday's expected bullishness has been limited around 61.8% Fibonacci level at 139.30 as see...

The EURUSD attempted to push higher yesterday, topped at 1.3817 but closed lower at 1.3734 and keep moving lower around 1.3720 at the time I wrote this comment. While technical bullish view remains in...

EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. ...

GBP/JPY's strong rebound and break of 138.04 indicates that consolidation from 132.13 is still in progress. But after all upside is still expected to be limited by 38.2% retracement of 150.68 to 132.1...

Yesterday's inclines have caused a decisive breakout above the initial resistance of 137.30 zones, opening the door for a harmonic CD leg of a harmonic pattern to be completed as seen on the provided ...

The EURUSD had a bullish momentum yesterday, topped at 1.3782 and closed at 1.3771. This fact should keep the bullish scenario targeting 1.3850 intact. The technical evidence that price is in a potent...

The GBP/JPY has been one of the weaker yen-crosses in the short-term, relative to weekly and intermediate relative to daily charts. Looking at the weekly, we can confirm that the bearish mode has been...

Although sterling rebounded after early fall to 132.05, as the price action from there still looks corrective in nature, suggesting recent decline in wave iii would resume after consolidation and belo...

EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: the rebound from 0,9050 keeps threatening 0,9...

Yesterday's bearish engulfing candlestick pattern, which is seen obviously on the secondary daily chart signaled that, the allover bearishness of the negative harmonic AB=CD pattern might continue ove...

GBP/JPY's break of 136.12 minor support suggests that an intraday top is already in place at 138.04 and turns bias neutral. Further break of 133.89 support will indicate that choppy recovery from 132....

The EURUSD failed to continue its bullish momentum yesterday, bottomed at 1.3640 and closed at 1.3674 after bad US TIC long term purchases number triggered risk aversion. This fact leads me to a no tr...

Not easy and not obvious as we remain trapped between 'channel' resistance and pivotal support at 88.00. Elements of the Ichimoku 'cloud' chart are mixed with moving averages hinting at a long positio...

EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: new intraday support at 0,9045 appears to be ...

The GBP/JPY is still forming the CD leg of our suggested duplicated bearish harmonic formation, where the Fibonacci level of 61.8% for XA leg meets 161.8% Fibonacci level of BC leg at 139.15 zones. Th...

At this point, further rise in GBP/JPY cannot be ruled out as corrective recovery from 132.13 might still extend further. However, upside is expected to be limited by 139.21 cluster resistance (38.2% ...

The EURUSD had a significant technical movement on Friday by break above the major bearish channel, confirms the bullish reversal scenario after formed triple bottom formation around 1.3450/35 area. W...

GBP/JPY's recovery from 132.13 resumed last week and rose to as high as 138.04. Further rise could still be seen initially this week. But after all, we'd expect upside to be limited by 139.21 cluster ...

This was basically a week of continuing consolidation, except for the USD/CAD which is looking seriously at the parity scenario. The coming weeks may be crucial as the markets test important powerline...

EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead....

GBP/JPY's consolidation from 132.13 is still in progress and another rise cannot be ruled out. But after all, upside is expected to be limited by 139.21 cluster resistance (38.2% retracement of 150.68...

The pure harmonic studies prove that, the GBP/JPY pair is currently forming the CD leg for a duplicated harmonic formation as seen on the provided four-hour chart. The pair might move upwards over int...

The EURUSD had a narrow movement of only 66 pips yesterday and we do not see significant technical move yet so far. The bias remains neutral both in nearest and medium term while long term outlook rem...

Although the British pound fell in line with our expectation to our indicated downside targets at 135.73 and 133.00, as sterling recovered from 132.05 and closed last week near the week's high, leavin...

EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: the euro bulls could push above 0,9100 resist...

GBP/JPY's break of 135.69 minor resistance turns intraday bias neutral again and argues that consolidation from 132.13 might be still in progress. Another rise cannot be ruled out but after all, upsid...

The GBP/JPY pair is trapped within a tight range since yesterday but it succeeded in forming an obvious bearish candlestick formation as seen on the provided four-hour chart, where it also activated a...

The EURUSD didn't make significant movement yesterday. Overall price still consolidation in range area of 1.3450/35 - 1.3735/50. The bias remains neutral both in nearest and medium term but the long t...

EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead....

As discussed before, GBP/JPY's recovery from 132.13 might have completed at 137.33 already. Intraday bias is cautiously on the downside for retesting 132.13 first. Break will confirm fall resumption t...

Once more, a new attempt to stabilize above the key levels of 0.9070, which have turned into a support during the Asian session, confirming that the harmonic CD leg of our suggested harmonic formation...

The EURUSD attempted to push lower yesterday. Price slipped below the minor bullish channel, bottomed at 1.3537 but closed higher at 1.3600 and now back inside the minor bullish channel. This fact sho...

Losses were pretty solid and stalled just below the 134.00 support. I suspect this is probably enough for now and we could begin to see some rather messy consolidation but with a basically bullish und...

We saw the GBP/JPY end last week with a bullish attempt, within a declining channel. This is a counter-trend rally, and a trading approach is to stalk the rally until it has completed the correction. ...

As discussed before, GBP/JPY's recovery from 132.13 might have completed at 137.33 already. Intraday bias is cautiously on the downside for retesting 132.13 first. Break will confirm fall resumption t...

EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: the pair gave a buy signal breaking through t...

The bigger picture of our previous explained Elliott count on the weekly basis came back into focus and it is still negatively pressuring the pair, pushing it to the downside. The secondary image of t...

GBP/JPY's break of 135.18 minor support suggests that recovery from 132.13 might have completed at 137.33 already. Intraday bias is flipped back to the downside for retesting 132.13 low first. Break w...

The EURUSD attempted to push higher yesterday, topped at 1.3703 but closed lower at 1.3632. The bias is neutral both in nearest and medium term as price still consolidating. The bullish correction sce...

Having declined through the 139.23 level, its Nov 26’09 low and the 138.22 level, its Feb 04’10 low to resume its medium term downtrend initiated from 163.06(2009 high), GBPJPY is set to retest those ...