Trade Idea: USD/CHF - Sell At 1.0765 Our recommendation to exit long proved to be correct as intra-day decline gathered momentum and the greenback dropped to as low as 1.0623 before recovering. This sharp fall suggests the decline from 1.0885 is still in progress and further weakness towards 1.0600 is likely, however, only break of support at 1.0563 would signal downtrend has resumed, otherwise, further choppy consolidation would take place. Full Report Here... Trade Idea: GBP/USD - Buy At 1.6380 Yesterday's rebound from 1.6375 suggests further consolidation above 1.6275 support would take place but a clear break of resistance at 1.6594 is needed to add credence to our view that low has been formed at 1.6275 and bring correction of recent decline from 1.7044 to the resistance at 1.6670 (this is also just above the 50% Fibonacci retracement of entire fall from 1.7044 to 1.6275 at 1.6660) and later towards the Ichimoku cloud top (now at 1.6717) Full Report Here... Trade Idea: EUR/USD - Buy At 1.4155 The rally from 1.4084 yesterday to 1.4268 signals the decline from 1.4448 has formed a low at 1.4045 earlier and although the single currency has eased after failing to break above the Ichimoku cloud top and pullback to the Tenkan-Sen and Kijun-Sen (now at 1.4176) is likely, renewed buying interest should emerge around 1.4154 (61.8% Fibonacci retracement of 1.4084 to 1.4268) and bring another rise later. Above 1.4268 resistance would extend the upmove from 1.4045 towards resistance at 1.4328. Full Report Here... Trade Idea: USD/JPY - Exit Long Entered At 93.70 And Buy At 94.00 The greenback did drop marginally below 93.73 to 93.66 and as indicated in our previous update, dollar found decent demand from there and staged a rebound since New York afternoon, suggesting a temporary low has possibly been formed there and consolidation with upside bias remains for correction of recent decline to 94.86 (38.2% Fibonacci retracement of 96.80 to 93.66) but it is necessary to see a break of 95.30 resistance to confirm the decline from 97.79 has ended, then gain to 95.73 (50% Fibonacci retracement of 97.79 to 93.66) would follow. Full Report Here... | 
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