Technical Analysis
EUR/JPY Technical Analysis
(125,65) The EUR/JPY confirmed this morning also the target at 125,21 followed by a 125,70 overshooting. The high in NY was 124,63 while the high in Europe was 124,19:
Asian Currencies Technicals
AUD/USD: Jan 30 High Level To Watch Topside. The Jan 2 low confirmed its significance as support with the AUD/USD bouncing from this level yesterday after dipping below both the 21 day lower Bollinger band ($1.0393) and
USDJPY – shallow correction underway ahead of 91.88/93
Friday’s call was for a move to 91.30 symmetry and then a shallow correction. The correction we are looking for is Wave IV of the rally from 77 which implies another rally to new highs.
GBP/USD Technical Analysis
(1,5823) The CABLE confirmed a relatively strong closing above the top of the previous session, while remaining however still interior the inside day with 1,5815 – 1,5660 still the levels to follow in the coming hours.
EUR/GBP Technical Analysis
(0,8570) EUR/GBP confirmed a 0,8600 overshooting, move however not confirmed by a daily closing confirming that something could be changing.
USD/CAD Technical Analysis
(1.0031) The USD/CAD confirmed yesterday a session of consolidation remaining interior the previous day’s range forming a new inside day with 1,0080 – 0,9995 the levels to follow in the coming hours.
FX Trends daily (FOCUS : AUD/JPY)
AUD/JPY The AUD/JPY has hit a major resistance at 95.42 yesterday. Despite a slight break above this threshold, the pair has posted a weak close before starting a consolidation.
Technical Alert
Yesterday many euro pairs moved into their respective target ranges for the current move. Accordingly signs of euro weakness our main focus for the day.
USD/CHF Technical Analysis
(0,9110) The USD/CHF confirmed Another very weak closing that cause again a drop below 0,9100 but missing yet to confirm a new low.
EUR/USD Technical Analysis
(1,3560) The EUR/DOLL confirmed a strong closing extending the move up already toward 1,3585; possible a direct extension toward 1,37 if not even 1,40 or maybe directly toward 1,50 because Europe is great with a great currency.
EUR/CHF Technical Analysis
(1,2349) The EUR/CHF plunged well below 1,24 and this was not really a good move supporting a strong EUR argument!! As we already suggested in yesterday’s report the cross will test again the 1,2330 area
EUR/JPY Technical Analysis
(123,30) The EUR/JPY is still well bid after the strong closing yesterday. The US market kept a gap up area of about 45 pips having had a high at 122,58 2 days ago against a low yesterday at 123,04!!