Technical Analysis
Renewed $ buying? $/JPY completed bull triangle?
EUR/USD: The break of 1.3320 didn’t attract sellers enough to also pass the 1.3299 key support hence the market soon bouncing back into the prior range.
USD/JPY Technical Analysis
(97,72) The USD/YEN formed a positive day reversal after a short 97 undershooting;
EUR/JPY Technical Analysis
(130,15) The EUR/JPY formed as well a small positive day reversal but only a daily closing above 130,60 will support a s/t bottom.
Asian Currencies Technicals
AUD/USD continues to remain heavy following the failed attempt higher earlier in the week.
CAD Trade Strategy
USD/CAD trading remains quite choppy. The USD looked well-offered in late trade yesterday as it slid back to the 1.0475 area but
GBP/USD Technical Analysis
(1,5520) The CABLE confirmed negative closing after a test with undershooting of the 200 days line that for now limited the down move.
GBPUSD and EURUSD have found selling and nearterm ceilings at their range highs
EURUSD remains trapped in a broad range which was set coming into this year. Prices are holding below the June highs at 1.3418/3452,
USD/CHF Technical Analysis
(0,9185) The USD/CHF confirmed a weak closing below the support of the inside day at 0,9175 suggesting further downside risk toward 0,9110 if not even 0,9035!!
EUR/CHF Technical Analysis
(1,2290) The EUR/CHF confirmed a weak closing below the support of the inside day at 1,2305. Further weakness is possible!
EUR/JPY Technical Analysis
(130,10) The EUR/JPY confirmed another weak closing last night favouring a 130 undershooting. The drop confirmed a break below the s/t support line,
GBP/CHF Technical Analysis
(1,4255) The GBP/CHF confirmed a weak closing last night and it is still looking offered suggesting a possible direct 1,42 undershooting.
EUR/GBP Technical Analysis
(0,8625) EUR/GBP confirmed a strong closing last night suggesting further s/t upside potential and this could mean a new 0,8650 overshooting.