Trade Idea: USD/CHF - Buy At 1.0750 Despite rising to 1.0885 yesterday, as dollar has retreated after faltering below indicated resistance at 1.0891, suggesting consolidation below there would take place and retracement of the rise from 1.0576 to 1.0768 (38.2% Fibonacci retracement of 1.0576 to 1.0885) is likely, however, reckon the Ichimoku cloud top (now at 1.0749) would limit downside and 1.0731 (50% Fibonacci retracement) should contain downside and bring another rally. Above 1.0891 would extend the rise from 1.0563 low towards 1.0935/40. Full Report Here... Trade Idea: GBP/USD - Sell At 1.6600 The British pound tumbled to as low as 1.6431 yesterday and although the recovery from there suggests minor consolidation would take place, upside should be limited to the Tenkan-Sen (now at 1.6576) and renewed selling should emerge below 1.6634 (50% Fibonacci retracement of 1.6837 to 1.6431) and bring another decline. Below said support would extend towards 1.6388 (61.8% Fibonacci retracement of 1.5983 to 1.7044) but support at 1.6338 would remain intact. Full Report Here... Trade Idea: EUR/USD - Sell At 1.4250 Despite falling to as low as 1.4104 yesterday, the 'doji' star formed there together with the subsequent recovery suggest minor consolidation above this level would take place and recovery to 1.4219/23 (previous resistance and 38.2% Fibonacci retracement of 1.4415 to 1.4104 respectively and also just below the Ichimoku cloud bottom at 1.4226) is likely, however, renewed selling should emerge below 1.4260 (50% Fibonacci retracement of 1.4415 to 1.4104) and bring another decline. Below said support would extend marginal decline but as hourly oscillators are showing bullish convergence already, downside should be limited to 1.4067 (61.8% Fibonacci retracement of entire rise from 1.3832) and price would stay well above chart support at 1.4007. Full Report Here... Trade Idea: USD/JPY - Hold Long Entered At 96.70 Although the greenback retreated to 96.55 this morning, as long as price is able to hold above 96.10-21 (61.8% Fibonacci retracement of 95.05 to 97.79 and current level of the Kijun-Sen), bullishness remains for recent rise to resume after consolidation. Above last Friday's high at 97.79 would extend upmove from 91.73 to 98.00 and possibly towards 98.40/50 but strong resistance at 98.90 should hold from there and bring pullback later. Full Report Here... | 
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