Technical Analysis
EUR/GBP Technical Analysis
(0,8697) EUR/GBP confirmed a strong closing while however still confirming further consolidation interior the inside with 0,8695 – 0,8570 still the levels to follow in the coming hours.
GBP/JPY Technical Analysis
(144,20) The GBP/JPY confirmed a weak closing last night below the low of the previous session. However, only a daily closing below 143,89 will confirm lower levels suggesting the cross has formed a s/t top at 145,90!!
Technical Alert
EURUSD did not develop a triangle, but must break 1.3520 to disqualify a bearish wave count in the making…
GBP/USD Technical Analysis
(1,5440) The CABLE confirmed another weak closing last night suggesting further weakness and a possible sell off toward 1,50 if not even below of it!!
EUR/USD Technical Analysis
(1,3430) The EUR/DOLL found good support turning again higher above 1,34 this morning after a strong closing last night.
EUR/CHF Technical Analysis
(1,2340) The EUR/CHF is confirming further consolidation interior the inside day with 1,2360 – 1,2270 still the levels to follow in the coming hours.
EUR/JPY Technical Analysis
(125,18) The EUR/JPY failed to confirm another strong closing last night showing a negative one. However, while above 124,50 the cross will remain positive.
Daily Market Technicals
EUR/USD: Pushing Higher While Daily Studies Suggest Bullish Reversal. The pair has popped up above the former short-term Feb 1 res line to trade just below the 21-DMA,
USD/JPY Technical Analysis
(93,26) The USD/YEN confirmed a negative closing last night however while still confirming further consolidation interior the big inside day with 94,55 – 92,25 still the levels to follow in the coming hours/ session.
Asian Currencies Technicals
AUD/USD: Above $1.0398 Needed To Shift Focus Higher. The AUD/USD has bounced back towards initial resistance with the 21-DMA noted just above ($1.0387).
GBP/USD Technical Analysis
(1,5470) CABLE is still under pressure but in the s/t we could have a small reversed S_H_S formation with the neck line at 1,55.
FX Daily Crosses
Today’s highlights: – EURGBP: Struggling again towards the upper end of the current trading range. We continue to expect the market to remain capped by .8686, with risk towards .8442.