Trade Idea: USD/CHF - Sell At 1.0630 Although the greenback retreated after meeting renewed selling interest at 1.0637 yesterday, break of 1.0529 support is needed to confirm recent decline has resumed and extend fall towards 1.0500 but downside should be limited to 1.0451 (50% projection of 1.1742 to 1.0592 measuring from 1.1026) and weakening of downward momentum has increased risk of a strong rebound later. Full Report Here... Trade Idea: GBP/USD - Buy At 1.6210 Despite falling to 1.6184 yesterday, the British pound held above indicated support at 1.6153 and the rebound from there suggests further consolidation would take place and as long as said support level holds, mild upside bias is seen for correction to the Ichimoku cloud bottom (now at 1.6420) but break of the upper Kumo (now at 1.6450) is needed to signal low has been formed, then stronger retracement to 1.6500 would follow. Full Report Here... Trade Idea: EUR/USD - Buy At 1.4260 The single currency is likely to stay within near term range of 1.4256-1.4407, however, as long as 1.4205 support holds, the rise from 1.4045 would resume after consolidation, above said upper range would bring a retest of recent high at 1.4448, however, break there is needed to confirm upmove has resumed for gain to 1.4474 (50% projection of 1.2885 to 1.4339 measuring from 1.3747), then 1.4500. Full Report Here... Trade Idea: USD/JPY - Sell At 94.00 Dollar's rebound after trading above yesterday's low at 92.54 on cross-selling in Japanese yen suggests further consolidation above this level would take place and correction towards 94.08 cannot be ruled out, however, the Ichimoku cloud area (94.23-94.46) would cap upside and bring another decline later. Break of said support would extend recent decline to 92.37 (61.8% projection of 97.79-93.42 measuring from 95.07), however, near term oversold condition should limit downside to 92.00 and chart support at 91.73 should hold. Full Report Here... | 
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