Technical Analysis
EUR/GBP Technical Analysis
(0,8430) EUR/GBP confirmed a further strong closing last night extending the move up toward 0,8430 and it is still well bid!!
USD/CHF Technical Analysis
(0,9305) The USD/CHF confirmed a session of consolidation forming a new inside day with 0,9405 – 0,9295 the levels to follow in the coming hours.
GBP/USD Technical Analysis
(1,5858) The CABLE confirmed another very weak closing last night plunging even below the 200 days channel. The closing managed to remain above the key level at 1,5828,
EUR/JPY Technical Analysis
(119,12) The EUR/JPY confirmed a weak closing confirming therefore also Friday’ small negative day reversal.
EUR/USD Technical Analysis
(1,3348) The EUR/DOLL failed to confirm the negative day reversal formed on Friday remaining instead interior its range forming a new inside day with 1,3410 – 1,3270 the levels to follow in the coming hours.
Daily Market Technicals
EUR/USD: Focus On $1.3404 Jan 14 High Key Initial Resistance. The pair managing to hold above initial support, the 23.6% of $1.2877-1.3404 at $1.3280.
Asian Currencies Technicals
AUD/USD: Pausing Ahead Of 21-DMA. The pair remains little changed from this week’s open as it consolidated at the lower end of Friday’s range to start the week.
FX Daily Crosses
Today’s highlights: – EURGBP: Failing ahead of the .8420 long-term 50% retracement. We expect a correction lower from here back to .8328, with overshoot to .8265 which should hold.
FX Daily Majors
Today’s highlights: – EURUSD: Support under threat at 1.3257 again as the market reverses lower from resistance at 1.3404/1.3398.
Daily FX Technical Strategy – Pound under pressure
Against a backdrop of EUR short covering, GBP has come under further selling pressure. Moves at the back end of last week saw EUR/GBP accelerate higher through a multi-month channel top and
Technical Alert
A rather uneventful morning with many pairs in consolidation mode. Noted are however the returned demand for bonds and a potential textbook inverse head and shoulders pattern in BUNDS.
USD/ZAR Technical Analysis
(8,8790) The DOLL/ZAR confirmed on Friday a strong daily as well as weekly closings suggesting further upside potential toward a target at 9,1690.