Trade Idea: USD/CHF - Buy At 1.0600 Although the greenback rallied to 1.0717 yesterday, as price has eased after running into resistance at Ichimoku cloud bottom, consolidation would be seen and retreat to the Kijun-Sen (now at 1.0634) cannot be ruled out, however, minor support at 1.0580 (yesterday's low) should limit downside and bring another strong rebound later. Above said resistance would bring stronger correction of recent decline from 1.0885 to 1.0752/58 (current level of Ichimoku cloud top and 61.8% Fibonacci retracement of 1.0885 to 1.0553), however, resistance at 1.0834 would remain intact. Full Report Here... Trade Idea: GBP/USD - Sell At 1.6335 Although the British pound has recovered after falling to 1.6160 yesterday and consolidation above there would take place, upside should be limited to 1.6338 (38.2% Fibonacci retracement of 1.6625 to 1.6160) and renewed selling interest should emerge there and bring another decline. Below said support would extend the fall from 1.7044 to 1.6150 (61.8% projection of 1.7044 to 1.6275 measuring from 1.6625), however, as the decline is losing near term downward momentum, reckon 1.6100 would limit downside. Full Report Here... Trade Idea: EUR/USD - Sell At 1.4330 The single currency fell to as low as 1.4205 yesterday and although the pair recovered after trading above the Ichimoku cloud area and gain to the Tenkan-Sen and Kijun-Sen (now at 1.4279 and 1.4291 respectively) cannot be ruled out, resistance at 1.4377 should continue to hold and bring another decline later. Break of the Ichimoku cloud bottom (now at 1.4187) would suggest the rise from 1.4045 has ended but below 1.4172/73 (61.8% Fibonacci retracement of 1.4045 to 1.4377 and previous resistance turned support) would confirm and extend fall to 1.4120/30. Full Report Here... Trade Idea: USD/JPY - Sell At 94.25 Failure to extend the rebound yesterday (the thick Ichimoku cloud proved to be a tough nut to crack) and the cross-inspired decline below 93.79 support signal the recovery from 93.42 has ended at 95.07 and as price is now trading well below Tenkan-Sen, Kijun-Sen and the Ichimoku cloud, bearishness is seen for the decline from 97.79 to resume and break of 93.42 support would extend weakness to 93.00, however, reckon 92.48 (1.618 times projection of 97.79 to 95.12 measuring from 96.80) would remain intact. Full Report Here... | 
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