JPY: Dollar edged higher today to 76.87 but indicated offers from exporters remain at 76.90-00 with mixture of offers and stops seen at 77.10-20 and more selling interest from same parties are lined up at 77.50-60. On the downside, mixture of bids and stops remains at 76.45-50 and more buying

EURUSD is still bounded in tight range below 1.3223 and intraday bias remains neutral. 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 the downside, break of 1.2931 minor support will suggest

GBP/USD is still bounded in tight range below 1.5882 temporary top and more consolidation might be seen. But again, near term outlook remains cautiously bullish with 1.5641 cluster support intact (38.2% retracement of 1.5234 to 1.5882). Above 1.5882 will target a test on 1.6165 key cluster resistance (61.8% retracement of

Intraday bias in USD/CHF remains neutral for the moment as consolidation from 0.9114 continues. Again, even in case of another rise, 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,

USD/JPY edges higher to 76.86 as recovery from 76.02 temporary low continues today. Further rebound could be seen to 55 days EMA (now at 77.09) and above. But after all, near term outlook remains bearish as long as 78.28 resistance holds. Whole decline from 79.52 is still in progress. Below

The Japanese yen weakens mildly in otherwise dull market today. It’s reported that government data released today showed Japan as carried out secret intervention in November. A total of JPY 1.02T was sold against US dollar in the first week of November. The last public intervention was on October 31,

EURUSD is still bounded in tight range below 1.3223 and intraday bias remains neutral. 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 the downside, break of 1.2931 minor support will suggest

GBP/USD is still bounded in tight range below 1.5882 temporary top and more consolidation might be seen. But again, near term outlook remains cautiously bullish with 1.5641 cluster support intact (38.2% retracement of 1.5234 to 1.5882). Above 1.5882 will target a test on 1.6165 key cluster resistance (61.8% retracement of

USD/CHF’s choppy sideway trading from 0.9114 is still in progress and more consolidation could be seen. Again, even in case of another rise, 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

USD/JPY’s recovery from 76.02 temporary low might extend higher towards 55 days EMA (now at 77.09). Nonetheless, near term outlook remains bearish as long as 78.28 resistance holds. Whole decline from 79.52 is still in progress. Below 76.02 will resume such fall for a test on 75.56 low.