Category — Action Insight Technical Outlook

GBP/USD continues to stay in range of 1.5561/5779 and intraday bias remains neutral for the moment. On the upside, break of 1.5779 will resume the rebound from 1.5422 and target 1.5887 resistance. Break of 1.5887 will confirm completion of fall from 1.6165 and would target a test on this high.

USD/CHF continues stay in tight range below 0.9330 and intraday bias remains neutral. On the upside, break of 0.9330 will confirm resumption of rise from 0.8567. Also, this will indicate that whole rise from 0.7065 is still in progress and should target 50% retracement of 1.1730 to 0.7065 at 0.9398

USD/JPY continues to struggle around 4 hours 55 EMA and intraday bias remains neutral. On the upside, above 78.09 will flip bias to the upside to extend the rise from 76.57. But we'd expect strong resistance below 79.52 to limit upside and bring another fall to extend the consolidation from

EUR/USD is still bounded in the choppy sideway pattern from 1.3538 and intraday bias remains neutral. Another decline is still in favor with 1.3614 resistance intact. Below 1.3259 will indicate that choppy recovery from 1.3212 is finished and recent fall from 1.4246 is ready to resume. In such case, intraday

Intraday bias in EUR/GBP remains mildly on the downside for the moment and further fall would be seen to 0.8485 support first. Break there will confirm resumption of whole decline from 0.9083 and should target 100% projection of 0.9083 to 0.8529 from 0.8830 at 0.8276. On the upside, above 0.8614

GBP/JPY still staying in tight range of 120.75/122.56 and intraday bias remains neutral. With 120.75 minor support intact, another rise cannot be ruled yet. But after all, the choppy structure and weak momentum of rise from 119.37 suggests that it's merely a correction. Hence, even in case of another rise,

As noted before, EUR/JPY's recovery from 102.48 should have finished at 105.54. Intraday bias remains on the downside for 102.48 support. Break will confirm resumption of whole decline from 111.57 and should target a test on 100.74 low next. On the upside, though, above 104.51 minor resistance will dampen this