Technical Analysis
GBP/JPY Technical Analysis
(145,20) The GBP/JPY confirmed a weak closing last night below the low of the previous session. However, only a daily closing below 145,00 will confirm the double top the cross is forming at 147,90!!
EUR/JPY Technical Analysis
(125,75)The EUR/JPY confirmed a negative closing but it failed to confirm the previous day’s negative day reversal.
USD/JPY Technical Analysis
(93,55) The USD/YEN confirmed again a negative closing while remaining however still interior the range of the inside day with 94,55 – 92,25 still the levels to follow in the coming hours/ session.
Asian Currencies Technicals
AUD/USD: Layers Of Resistance $1.0578-1.0624. The close back above yesterday’s initial resistance level removes the immediate downside pressure and
USD/CHF Technical Analysis
(0,9180) The USD/CHF formed a negative outside day reversal after a quick 0,9215 overshooting where it found good resistance.
USD/CAD Technical Analysis
(1,0027) The USD/CAD confirmed a double top above 1,0080 confirmed by the break below 1,0040, now resistance. We expect a test of the 200 hours line at 0,9999.
EUR/CHF Technical Analysis
(1,2370) The EUR/CHF is also extending the correction suggesting a test of the resistance line at 1,2410.
EUR/USD Technical Analysis
(1,3485) The EUR/DOLL confirmed a strong closing last night well above the top of the previous session finding however good resistance below 1,35, at least for now.
GBP/USD Technical Analysis
(1,5644) The CABLE managed to form a positive day reversal after a test of the 1,5570 area, but only a daily closing above 1,5672 will confirm a s/t top favouring a broaden recover.
USD/JPY Technical Analysis
(93,35) The USD/YEN confirmed a negative closing while remaining interior the range of the previous session forming a new inside day with 94,55 – 92,25 the levels to follow in the coming hours/ session.
EUR/JPY Technical Analysis
(125,83) The EUR/JPY formed a negative day reversal after a retest of the 127 level; a daily closing tonight below 125,00 will confirm lower level suggesting a possible break below the previous low at 123,40!!
South Africa: Daily FX Technical Strategy – Long upper shadow
USD/ZAR ended the day back in its seven-day range, as the USD bulls ran out of steam in afternoon trade. As highlighted last week, we are watching the 8.80 and 8.95 levels for direction.