Action Insight (All Reports)

The strong rebound and break of 76.42 minor resistance indicates short term bottoming in USD/JPY. Intraday bias is mildly on the upside for rebound towards 55 days EMA (now at 77.12) But after all, there is no clear indication of near term reversal as long as 78.28 resistance holds. That

Action Insight (All Reports)

GBP/USD dips sharply after US NFP release as consolidation from 1.5882 continues. Deeper fall might be seen towards 4 hours 55 EMA (now at 1.5706). However, note against that rise from 1.5234 is expected to continue as long as 1.5461 cluster support holds. Above 1.5882 will target 1.6165 key cluster

Action Insight (All Reports)

USD/CHF is still bounded in tight range above 0.9114 after US NFP release. Intraday bias remains neutral and more consolidations could be seen. In case of stronger recovery, we'd expect upside to be limited by 38.2% retracement of 0.9594 to 0.9114 at 0.9297 and bring fall resumption. As noted before,

Action Insight (All Reports)

JPY: The greenback quickly jumped after the release of stronger-than-expected U.S. job data, both nonfarm payrolls number and unemployment rate exceeded analysts’ anticipation (NFP at 243K vs forecast of 150K and jobless rate at 8.3% vs market consensus of 8.5%), stops above 76.40-50 were triggered but more stops are reported

Action Insight (All Reports)

EUR/USD continues to stay in tight range initially after release of stronger than expected NFP data. Intraday bias remains neutral for the moment. On the upside, sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On

Action Insight (All Reports)

Non-farm payroll report showed much larger than expected expansion in US job market by 243k in January, versus consensus of 150k. That's the beset number in nine months and even better than December's impressive 203k, revised up from 200k. Unemployment rate dropped again for the fifth straight month to 8.3%,

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Canada will by no means escape from the recent global economic turmoil. As an economy heavily reliant on exports, the sovereign debt crisis in the Eurozone and the stringent fiscal consolidation to be adopted by the US are expected to hurt Canadian economy. Weakening economic outlook will probably trigger the

Action Insight (All Reports)

At this point, we's still slightly favoring the case that consolidation from 0.8221 was completed at 0.8409. Further decline is expected to retest 0.8221 and break will confirm resumption of whole fall from 0.9083 and target 0.8067 key support. On the upside, even in case of another rise, we'd expect

Action Insight (All Reports)

Intraday bias in GBP/JPY remains neutral. But again, rebound from 117.29 is still in favor to continue with 119.19 minor support intact. Rise from 117.29 is viewed as the third leg of the consolidation pattern from 116.83. Above 122.04 will bring another rise towards 127.30 resistance. Nonetheless, break of 119.19

Action Insight (All Reports)

Intraday bias in EUR/JPY remains neutral for the moment. With 99.13 intact, rebound from 97.03 might extend further. Above 100.88 will will flip bias back to the upside and would likely extend the rebound from 97.03 towards falling trend line resistance (now at 105.88). Though, note again that break of

Action Insight (All Reports)

EUR: Despite rebounding from yesterday's low of 1.3085, the single currency ran into indicated offers from Asian CBs and sovereign names at 1.3180-90 and retreated again as traders avoid taking big positions ahead of U.S. NFP later today, so further choppy consolidation would take place ahead of U.S. opening. At

Action Insight (All Reports)

Intraday bias in EUR/USD remains neutral for the moment. Sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On the downside, break of 1.2931 minor support will suggest that corrective rise from 1.2625 was already finished

Action Insight (All Reports)

With 4 hours MACD staying below signal line, a temporary top is in place at 1.5882 and intraday bias is turned neutral for the moment. Another is still in favor as long as 1.5641 support holds. Above 1.5882 will target 1.6165 key cluster resistance (61.8% retracement of 1.6746 to 1.5234

Action Insight (All Reports)

Intraday bias in USD/CHF remains neutral as consolidation from 0.9114 temporary low continues. Another rise cannot be ruled out but we'd expect upside to be limited by 38.2% retracement of 0.9594 to 0.9114 at 0.9297 and bring fall resumption. As noted before, considering bearish divergence condition in daily MACD, whole

Action Insight (All Reports)

With 76.42 minor resistance intact, further decline is expected in USD/JPY and the current fall from 78.28 could resume any time towards 75.56 low. On the upside, above 76.42 minor resistance will indicate short term bottoming and bring recovery back to 4 hours 55 EMA (now at 76.61) and above.

Action Insight (All Reports)

Intraday bias in USD/CAD remains neutral for the moment and more consolidations could be seen above 0.9965 temporary low. But again, near term outlook remains cautiously bearish with 1.0147 resistance intact. Current fall from 1.0522 is expected to extend to 0.9891 support next. Break will target 100% projection of 1.0656

Action Insight (All Reports)

AUD/USD turned sideway after hitting 10752 key resistance and intraday bias is turned neutral for the moment. At this point, another rally is still expected with 1.0525 minor support intact. Sustained break of 1.0752 will be taken as the first signal of larger up trend resumption and should target a

Action Insight (All Reports)

Markets are trading in tight range as traders await the employment data from US today. Economist expect the data to show 150k job growth in January, down from December's 200k. Unemployment rate is expected to be unchanged at 8.5%. Looking at the leading indicators. ADP employment showed 170k growth in

Action Insight (All Reports)

While downside momentum in USD/JPY remains unconvincing with 4 hours MACD staying above signal line, we don't see any strength for rebound yet. With 76.42 minor resistance intact, intraday bias is still cautiously on the downside for further fall. Whole decline from 79.52 is expected to continue to 75.56 low.

Action Insight (All Reports)

GBP/USD loses some upside momentum but with 1.5706 minor support intact, further rise expected. Current rebound from 1.5234 should target 1.6165 key cluster resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). Break will confirm that whole decline from 1.6746 has finished at 1.5234 already. On the downside, below 1.5706