EUR/USD

Fed minutes showed yesterday that Fed going to change Rate Guidance as Unemployment Falls while today data showed a retreat over Euro-zone Inflation which spurred the dump of Euro. Market still under affect of low liquidity over the last 2 years , which may sustain the short-run trading zone that we advised befor between 1.3300-1.3850.

Short-run
showing support at 1.3630-55 where as long as market holding trades above 1.3630 the uptrend will sustain for more advance toward resistance zone 1.3820-50 below 1.3630 market will start to show signals for more drop toward 1.3500 and maybe to continue drop toward 1.3420-50 zone.
Short-run showing drop pressure as long as market holding trades below 1.3725

long-run
the long-run uptrend wave still ongoing as long as market holding trades above 1.3295 , while above 1.3900 uptrend will gain more strength with first target toward 1.4200.


Daily Trend: Up
Weekly Trend: Up


GBP/USD

British Pound slumped from highest level yesterday after MPC released where market manged to test support level 1.6660 again
market managed to hold intraday trading between 1.6660-1.6740 for yesterday sessions , while failed to break above 1.6740 which hold the drop pressure over the short-run.
As long as market holding trades above 1.6600 the ability to construct rebound movement will sustain , while below 1.6600 market will start showing signals for ability to resume drop toward 1.6350-70 as drop correction.
Market showing resistance at 1.6665-95 zone an at 1.6740.

Long-Run
long-run uptrend wave still ongoing as long as market holding trades above 1.6215 , while above 1.7050 we will expect this uptrend wave to sustain toward 1.8250.

Daily Trend: Up
Weekly Trend: Up


USD/JPY

As we saw over the market , Dollar/yen managed to obtain rebound movement from our expected support zone 100.60-80 , while market seems heading to establish short-run trading zone between 101.25 - 103.40 which already controling the market.
If market failed to jump above 102.70 this will be a signal for another drop movement toward 101.25 and maybe a test for 100.60 where the chance to re-long(buy) the market will rise again.

Long-Run
so far the med-term still giving signals that trading range will sustain between 100.00 - 104.50 , while as long as market holding trades above 99.40 the long-run uptrend wave will sustain for this year above 102.70 market will give signals for farther advance to test 104.20-40 zone , while as long as market holding trades below 102.70 expect another test to 101.25 and maybe 100.60.

Daily Trend: Down
Weekly Trend: Up


source: afbfx
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