USDJPY Daily Forecast: March 19

USDJPY Forecast
The USDJPY had a strong bearish momentum yesterday after FOMC, bottomed at 19.30 but closed higher at 120.09. The bias is bearish in nearest term retesting 119.30. Immediate resistance is seen around 120.30. A clear break above that are…

USDCHF Daily Forecast: March 19

USDCHF Forecast
The USDCHF had a strong bearish momentum yesterday on broad US Dollar weakness after FOMC, bottomed at 0.9623 but closed higher at 0.9771. The bias is bearish in nearest term retesting 0.9623. Immediate resistance is seen around 0.9880….

EURUSD Daily Forecast: March 18

EURUSD Forecast    
The EURUSD was indecisive yesterday but overall still able to maintain its bullish correction bias so far challenging 1.0650 key intraday resistance. The bias remains bullish in nearest term. Immediate support is seen around 1.0580 – 1.0550. A clear break below that area could lead price to neutral zone in nearest term but would keep the major bearish bias remains strong testing 1.0500 –  1.0460 region. On the upside, a clear break above 1.0650 would interrupt the bearish scenario and could trigger further bullish correction testing 1.0700 or higher.

eurusdhourly

GBPUSD Daily Forecast: March 18

GBPUSD Forecast
The GBPUSD failed to continue its bullish correction yesterday bottomed at 1.4723. The bias is bearish in nearest term testing 1.4700 key support area. A clear break and daily close below that area could trigger further bearish scenario…

USDJPY Daily Forecast: March 18

USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 121.50. A clear break above that area could trigger further bullish pressure testing 122.00 or higher. I…

USDCHF Daily Forecast: March 18

USDCHF Forecast
The USDCHF had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.0200. Immediate support is seen around 1.0035. A clear break below that area could le…