Trade Idea: USD/CHF - Stand Aside As the greenback has continued to move higher, the Tenkan-Sen just crossed above the Kijun-Sen on the 4-hour chart, suggesting a temporary low has been formed at 1.0130 earlier this week and mild upside bias is seen for gain to the Ichimoku cloud bottom (now at 1.0289 and also just above the 61.8% Fibonacci retracement of 1.0386 to 1.0130 at 1.0288), however, only a sustain breach of the upper Kumo (now at 1.0308) would confirm and bring retracement of recent fall from 1.0509 to 1.0364 (61.8% Fibonacci retracement of 1.0509 to 1.0130) and then test of resistance at 1.0386 but reckon key resistance at 1.0422 would hold from here. Full Report Here... Trade Idea: GBP/USD - Buy At 1.6205 Although the British pound has maintained a firm undertone partly due to active cross-buying in sterling, as current price level is getting too far away from the Kijun-Sen (now at 1.6209) and especially the Ichimoku cloud top (now at 1.6037), suggesting risk remains for a minor correction towards 1.6242 (previous resistance turned support), however, renewed buying interest should emerge around the Kijun-Sen and bring another rally later. As price already reached our indicated upside target at 1.6356/61 (50% Fibonacci retracement of 1.6879 to 1.5832 and 100% projection of 1.5896 to 1.6194 measuring from 1.6063), further sharp move beyond resistance at 1.6412 would not be repeated today. Full Report Here... Trade Idea: EUR/USD - Sell At 1.4480 As the single currency has broken below indicated minor support at 1.4453, suggesting top has been formed at 1.4580 and consolidation with downside bias is seen for test of the Ichimoku cloud (now at 1.4370/72, a sustain breach below there would signal the correction from 1.4218 low has possibly ended and extend weakness towards 1.4257-64 support area. Looking ahead, it is necessary to see a fall below this area to confirm and bring resumption of decline from 1.5145 top later for retest of 1.4218 this month. Full Report Here... Trade Idea: USD/JPY - Sell At 92.00 Although dollar has remained under pressure after meeting renewed selling interest at 92.05, break of support at 90.73 is needed to signal the decline from 93.78 top has resumed for stronger retracement of recent upmove to and extend weakness to 90.36-41 (38.2% Fibonacci retracement of 84.82-93.78 and 61.8% Fibonacci retracement of 88.32 to 93.78 respectively) but reckon 89.81 (previous minor resistance turned support) would hold on first testing and price should stay well above 89.30 (50% Fibonacci retracement of 84.82 to 93.78), bring another rebound later. Full Report Here... | 
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