Technical Analysis
USD/JPY Technical Analysis
(99,41) The USD/YEN confirmed a strong closing last night above the resistance of the inside day at 98,65, but also above 99,16 the s/t key level.
EUR/JPY Technical Analysis
(131,13) The EUR/JPY confirmed a strong closing by climbing above 131 suggesting further possible strength toward 132.
Asian Currencies Technicals
Despite briefly popping above the $0.8997 initial resistance level yesterday the AUD/USD failed to hold above and also failed to test the 21-DMA before dipping a little.
USDJPY above 99.15 completes a bull “triangle”
USDJPY has broken above key resistance from its downtrend from May and recent high at 99.15, and assuming a close is achieved, this should confirm a bullish “triangle” has been established.
At a glance: Playing it safe
EUR/USD hourly – Below 1.3259/64, the market remains in negative territory ● Given last week’s break below 1.3264 (minor 76.4 %) and
GBP/JPY Technical Analysis
(154,40) The GBP/JPY confirmed on Friday a positive daily closing but the weekly one was negative. Today’s rally is suggesting a test of the May’s top at 156,80;
GBP/CHF Technical Analysis
(1,4506) The GBP/CHF formed a negative day reversal on Friday that the move up this morning above last week’s top already aborted suggesting further upside potential toward 1,4570.
USD/JPY Technical Analysis
(98,60) The USD/YEN confirmed on Friday a session of consolidation forming a new inside day with 98,65 – 97,35 the levels to follow in the coming hours.
USD/CAD Technical Analysis
(1,0525) The USD/CAD confirmed a positive closing and also the weekly and monthly one was positive supporting further upside potential.
GBP/USD Technical Analysis
(1,5552)The CABLE is confirming further consolidation interior the inside day with 1,5565 – 1,5420 still the levels to follow in the coming hours.
USD/CHF Technical Analysis
(0,9316) The USD/CHF formed on Friday a negative day reversal but this morning it already confirmed a new high in respect to