Technical Analysis
GBP/JPY Technical Analysis
(139,70) The GBP/JPY confirmed a very weak closing well below the low of the previous sessions but also well below the support of the inside day at 140,70.
EUR/JPY Technical Analysis
(117,50) The EUR/JPY already confirmed a test of the support line, now found at 117,30 where it could find some good s/t support.
USD/JPY Technical Analysis
(88,20) The USD/YEN confirmed a weak closing below a s/t support line but also well below the support of the negative outside day reversal at 89,20
Daily Market Technicals
EUR/USD: Spinning-Top Doji Cautions, Studies Stretched. The pair leaves a spinning-top doji, a signal of indecision as bulls and bears fight to control.
FX Trends daily (FOCUS: USD/SEK)
USD/SEK After a rebound, the cross has failed to clear a resistance at 6.5515 (upper limit of the short term bearish channel) before resuming its downtrend.
Daily FX Technical Strategy – Covering JPY and EUR shorts
In Europe, the theme of EUR short covering continues to intensify along with the rally in the CAC 40. In Japan, the equity and currency relationship is rather the opposite given the recent positioning.
AUD/USD Technical Analysis
(1,0565) The AUSSIE is confirming further consolidation interior the big inside day with 1,0615 – 1,0480 still the levels to follow in the coming hours.
UBS FX Technical
EURUSD – With the MACD above its zero line, reflecting a bull trend, the resistance focus is at 1.3404, the January 14 high.
USD/JPY Technical Analysis
(88,90) The USD/YEN formed yesterday a negative outside day reversal with 90,35 – 89,20 the levels to follow in the coming hours.
USD/CAD Technical Analysis
(0,9918) The USD/CAD is still confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours.
Technical Alert
EURUSD still trades in what looks like a bullish triangle, so one more high is in the cards. Theoretical targets on an upper break come in at 1.3487 or 1.3545.
GBP/JPY Technical Analysis
(141,10) The GBP/JPY confirmed further consolidation interior the inside day with 144,40 – 140,70 still the levels to follow in the coming hours.