Trade Idea: USD/CHF - Stand Aside Although the greenback dropped sharply yesterday to a fresh 2009 low of 1.0529, the spike at that low together with the subsequent rebound suggest consolidation would take place above this level and correction to the Ichimoku cloud bottom (now at 1.0644) cannot be ruled out, only break of resistance at 1.0717 (this would also break the Ichimoku cloud top at 1.0700) would confirm low has been formed at 1.0529 and bring stronger correction. Full Report Here... Trade Idea: GBP/USD - Exit Short Entered At 1.6305 And Sell At 1.6445 Despite falling marginally to 1.6153 yesterday, the rebound from there suggests a temporary low has possibly been formed and correction to the Kijun-Sen (now at 1.6349) and possibly towards previous minor resistance at 1.6445, however, price should falter well below the Ichimoku cloud top (now at 1.6499) and bring another decline later. Below said support would extend recent decline from 1.7044 top towards 1.6120/30 is likely, however, loss of downward momentum would limit downside to 1.6070/80 and chart support at 1.6033 would remain intact. Full Report Here... Trade Idea: EUR/USD - Buy At 1.4230 Although the single currency has retreated, the break of 1.4377 resistance yesterday suggests the rise from 1.4045 is still in progress and gain towards recent high at 1.4448, however, only break there would signal medium term upmove has resumed towards 1.4490/00, otherwise, further choppy consolidation would take place. Full Report Here... Trade Idea: USD/JPY - Buy At 92.90 Although the greenback has rebounded after falling to 93.20 yesterday and consolidation with mild upside bias is seen for gain to the Ichimoku cloud bottom (now at 94.22), only break of resistance at 94.65 would signal a temporary low has been formed and bring correction of recent decline to 95.07. Break there would confirm the decline from 97.79 has ended and stronger correction to 95.30 and 95.50 (50% Fibonacci retracement of 97.79 to 93.20), however, reckon 96.04 (61.8% Fibonacci retracement) should hold. Full Report Here... | 
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