Stocks and Dollars

No change in USD/JPY’s outlook. Recovery from 79.42 could continue. But still, with 80.61 minor resistance intact, outlook remains cautiously bearish and recent decline is still expected to continue. Below 79.42 will target 61.8% retracement of 76.02 to 84.17 at 79.13 first. Break will pave the way to 75.56/76.02 support

No change in USD/JPY’s outlook. Recovery from 79.42 could continue. But still, with 80.61 minor resistance intact, outlook remains cautiously bearish and recent decline is still expected to continue. Below 79.42 will target 61.8% retracement of 76.02 to 84.17 at 79.13 first. Break will pave the way to 75.56/76.02 support

Although the single currency has fallen below yesterday’s low of 1.2682, loss of near term downward momentum should prevent sharp fall below 1.2650 and recent low of 1.2624 is likely to hold form here, risk from there is seen for a strong rebound later. Above the Kijun-Sen (now at 1.2713)

Although the single currency has fallen below yesterday’s low of 1.2682, loss of near term downward momentum should prevent sharp fall below 1.2650 and recent low of 1.2624 is likely to hold form here, risk from there is seen for a strong rebound later. Above the Kijun-Sen (now at 1.2713)

GBP/JPY’s fall accelerates today to as low as 126.68 so far. The break of 127.10 support confirmed resumption of whole decline from 133.48. Intraday bias remains on the downside for 61.8% retracement of 117.29 to 133.48 at 123.47 next. On the upside, above 127.82 minor resistance will turn bias neutral and bring consolidations first.

GBP/JPY’s fall accelerates today to as low as 126.68 so far. The break of 127.10 support confirmed resumption of whole decline from 133.48. Intraday bias remains on the downside for 61.8% retracement of 117.29 to 133.48 at 123.47 next. On the upside, above 127.82 minor resistance will turn bias neutral and bring consolidations first.

Despite yesterday’s anticipated rise to 80.56, the subsequent retreat after faltering below indicated previous resistance at 80.61 suggests consolidation would be seen and retracement to the Ichimoku cloud bottom (now at 80.09) cannot be ruled out but renewed buying interests should emerge below 80.00, bring another rise later. A break

Despite yesterday’s anticipated rise to 80.56, the subsequent retreat after faltering below indicated previous resistance at 80.61 suggests consolidation would be seen and retracement to the Ichimoku cloud bottom (now at 80.09) cannot be ruled out but renewed buying interests should emerge below 80.00, bring another rise later. A break