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Posted by on in FX Chart Updates

A significant setback and a bearish outside pattern Tuesday, but a rebound effort through midweek rejects correction risks and leaves bias for a push back to 124.44/48.

As we stated in our last report "we still favour a July bullish resolution, now above 124.48". 

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Tagged in: Forex FX JPY Yen
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Posted by on in FX Chart Updates

A strong rally Tuesday for a bullish outside pattern to hit our 1.5629/44 target area and reinforce the recent bounce from our 1.5327 retrace support level.

This keeps a bias for further upside through midweek.

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Tagged in: Forex FX GBP GBPUSD USD
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Posted by on in FX Chart Updates

A solid consolidation tone and an upside bias with the Monday push to a new recovery high to leave upside risks into Tuesday.

In addition, the previous break above key resistance at 1.2667 maintains and reinforces a bullish tone for July. 

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Tagged in: CAD Forex FX USD USDCAD
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Posted by on in FX Chart Updates

The rebound effort from Monday to defend minor support and probe above minor resistance leaves bias for a Friday rally.

However, the Monday push through 1.0951 support reinforces the previous break through 1.1048, for a broader range environment.

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Tagged in: EUR Euro EURUSD Forex FX
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