Technical Analysis

EUR/JPY Technical Analysis

(117,07) The EUR/JPY confirmed as well a weak closing below the low of the previous session; a daily closing tonight below 117,60, and we are already well below this level,

(88,11) The USD/YEN confirmed a weak closing below the low of the previous session; a possible closing tonight below 88,29 will confirm a s/t top for this dollar suggesting further downside risk toward the 86,00 area

Asian Currencies Technicals

AUD/USD: An Inside Day. An inside day for the AUD/USD yesterday with the pair little changed from yesterday’s NY close.

FX Daily Crosses

Today’s highlights: – EURGBP: Resistance holds at .8328/46. We see corrective risk lower to breakout/trendline support at .8228/13.

FX Daily Majors

Today’s highlights: – EURUSD: Consolidating back towards 1.3298 throwback support. We expect some brief weakness below here to 1.3249 where we envisage renewed buying interest again.

FX Technical Volume Strategy: EUR/CHF rout – round one to the SNB

– Another top-ten day for volumes overall as the strong start to 2013 continues. In our G10 currency ranking, the yen was knocked off the top spot yesterday by the Swiss franc.

Technical Alert

The euro looks stretched against many of its peers and it wouldn’t be overly surprising to see it starting to give back some…

GBP/JPY Technical Analysis

(142,70)The GBP/JPY formed yesterday a negative outside day reversal with 144,95 – 142,75 the levels to follow in the coming hours.

EUR/GBP Technical Analysis

(0,8305) EUR/GBP confirmed also yesterday another strong daily closing suggesting further upside potential. Possible therefore a direct extension toward 0,8360 if not even a direct 0,8400 overshooting.

GBP/USD Technical Analysis

(1,6075) The CABLE confirmed a weak closing below the low of Friday’s negative day reversal. Only a daily closing below 1,5990 will however confirm lower levels suggesting a return toward the 200 days line, now found at 1,5908.

AUD/USD Technical Analysis

(1,0550) The AUSSIE is confirming further consolidation interior the big inside day with 1,0615 – 1,0480 the levels to follow in the coming hours.

Daily Market Technicals

EUR/USD: No New High However Studies Still Bullish. The pair fails to make a new high after rising to $1.3404, our initial resistance level.