Technical Analysis
Technician
EUR/USD Momentum is still clearly pro-growth and indicators are not overbought, so main technical scenario is same as week ago:
EUR/JPY Technical Analysis
(130,70) The EUR/JPY formed on Friday a negative day reversal but only a daily closing tonight below 131,08 will confirm a s/t top supporting a new test
AUD/USD Technical Analysis
(0,8907) The AUSSIE confirmed this morning further weakness hitting 0,8850 before bouncing again higher for a rebound.
GBP/JPY Technical Analysis
(150,57) The GBP/JPY confirmed a strong closing on Friday finding however good resistance at the 55 ma line!!
GBP/CHF Technical Analysis
(1,4200) The GBP/CHF confirmed on Friday a strong closing above the top of the previous session that was already a positive day reversal.
GBP/USD Technical Analysis
(1,5290) The CABLE formed on Friday a positive outside day with 1,5320 – 1,5090 the levels to follow in the coming hours.
EUR/GBP Technical Analysis
(0,8680) EUR/GBP confirmed on Friday a negative closing but it failed to confirm Thursday’s negative day reversal.
EUR/USD Technical Analysis
(1,3280) The EUR/DOLL failed to confirm another weak closing forming instead a positive day reversal on Friday. The weekly closing was also positive as well as the monthly one.
USD/CHF Technical Analysis
(0,9290) The USD/CHF formed on Friday a negative day reversal but only a daily closing below 0,9273 will confirm a s/t top suggesting a retest of the 0,9225 area.
Next key ref for EUR/SEK at 8.8105 is fully in sight
EUR/USD: Not sure what to make the reaction higher Friday and of the last week’s print. It could be a bullish “Flag”,
EUR/CHF Technical Analysis
(1,2343) The EUR/CHF formed a negative day reversal on Friday; the weekly closing was instead positive as well as the monthly one, however without any special meaning!!
USD/JPY Technical Analysis
(98,80) The USD/YEN formed on Friday a negative day reversal but only a daily closing below 98,68 will confirm a s/t top.