Technical Analysis
EUR/JPY Technical Analysis
(131,25) The EUR/JPY confirmed a strong closing last night after a 131,80 overshooting, remaining however below the resistance line at 132!!
USD/JPY Technical Analysis
(99,76) The USD/YEN is still well bid suggesting further upside potential. however, it failed yet to overtake the 100 level where it is finding good resistance.
EUR/GBP Technical Analysis
(0,8436) EUR/GBP confirmed another weak closing last night even below the 200 days channel, now resistance at 0,8456 supporting further direct weakness.
GBP/USD Technical Analysis
(1,5605) The CABLE confirmed a strong closing climbing above 1,56 and suggesting a possible extension even toward the 1,5720 area.
EUR/USD Technical Analysis
(1,3169) The EUR/DOLL confirmed a correction that managed to confirm a daily closing above the top of the previous session.
SEK make or break day, $ & AUD firmer
EUR/USD: The reaction back up to 1.3218 at least fulfilled the minimum criteria for a minor correction even though we think 1.3237/55 would have fitted better.
Daily Market Technicals
EUR/USD closed back above the key 38.2% level and now holds just above the 55-DMA, seen at $1.3188. Below here next support is the daily Bolli band base and
Asian Currencies Technicals
The rally towards the key $0.9315-43 resistance region continues with the AUD/USD pausing ahead of the Ichimoku cloud base yesterday and Aug 19 high.
GBPUSD – uptrend intact above critical support at 1.5515
Although trends are positive, major overhead resistance and a bearish Elliott count threaten the GBP rally.
USDCAD – Elliott & Fibonacci pattern threaten up-trends
The downside call from last week (no net movement yet) still makes sense from and Elliott and sentiment standpoint;
USDJPY has completed a bullish “triangle” continuation pattern. EURJPY has yet to break higher
USDJPY has resolved its “triangular” range to the topside. We target 101.54/61 initially, above which would retarget the 103.10/74 medium-term resistance.
EUR/AUD Technical Analysis
(1,4440) EUR/AUD could be on the way to form a top, eve a double top supporting finally a deeper correction that could see the cross below 1,40 soon!