Technical Analysis
USDJPY – reached 38.2% Fib support; hourly channel support
Prices fell to just above the first Fibonacci retracement zone (38.2%) at 93.57; this is also a zone of large consolidations in Feb/Mar and is expected to stem the decline near-term.
GBP/JPY Technical Analysis
(147,27) The GBP/JPY formed a positive day reversal yesterday before however plunging lower this morning breaking even below the 148,20 low.
GBP/USD Technical Analysis
(1,5672) The CABLE confirmed a test of the 1,57 level just below the 200 days line where it found good resistance for now.
AUD/USD Technical Analysis
(0,9465) The AUSSIE failed to extend its move up higher turning instead already lower. The closing was however strong above the top of the previous session.
EUR/GBP Technical Analysis
(0,8516) EUR/GBP confirmed also yesterday further consolidation interior inside day with 0,8540 – 0,8470 still the levels to follow in the coming hours.
USD/CAD Technical Analysis
(1,0220) The USD/CAD confirmed another session of consolidation remaining interior the inside day with 1,0300 – 1,0155 still the levels to follow in the coming hours.
More JPY strength, wobbly equities & firm bonds
EUR/USD: All boxes for a downside turn have now been checked except the most important one, falling prices.
EUR/CHF Technical Analysis
(1,2252) The EUR/CHF is under pressure after the negative closing last night however while remaining interior the previous session’s range forming a new inside day with
EUR/USD Technical Analysis
(1,3360) The EUR/DOLL is still well bid extending further its move up. Possible at this point a 1,34 overshooting even if we don’t see any reason to buy it!!
Daily Market Technicals
EUR/USD: The pair squeezes higher once more, following daily, weekly and monthly studies higher.
EUR/JPY Technical Analysis
(126,35)The EUR/JPY confirmed a relatively strong closing last night before however plunging this morning toward the neck line of the suggested S_H_S formation at 126,20.
USD/CHF Technical Analysis
(0,9180) The USD/CHF confirmed a weak closing again below the low of the previous session suggesting we have a top in place at 0,9420!!