Technical Analysis
GBP/USD Technical Analysis
(1,6072) The CABLE confirmed a very weak closing, last night, well below the low of the previous session. A possible closing tonight below 1,6090 will confirm a s/t top!!
GBP/JPY Technical Analysis
(141,22) The GBP/JPY confirmed a weak closing last night below the low of the previous session; a possible closing tonight below 140,18 will confirm a s/t top for this cross suggesting a decent correction.
EUR/GBP Technical Analysis
(0,8107) EUR/GBP confirmed a weak closing last night below the low of the previous session suggesting further weakness toward the support line at 0,8064.
EUR/CHF Technical Analysis
(1,2094) The EUR/CHF confirmed further consolidation forming a new inside day with 1,2120 – 1,2060 the levels to follow in the coming hours.
USD/CHF Technical Analysis
(0,9275) The USD/CHF confirmed a strong closing last night well above the top of the previous session that was already a positive day reversal.
Daily Market Technicals
EUR/USD: Double-Top Pattern Confirmed As Studies Remain Bearish. The double-top pattern is confirmed as Euro-dollar slides and closes below the 38.2% and former May 1 trendline,
GBP/USD Analysis
Sterling remained on the defensive and after posting an Asian session high of $1.6256, slippage continued in the US afternoon.
EUR/USD Technical Analysis
(1,3028) The EUR/DOLL confirmed a very weak closing last night well below the low of the previous session but also well below the support of the negative outside day at 1,3145.
USD/JPY Technical Analysis
(87,78) The USD/YEN confirmed yesterday a negative closing and even a small negative day reversal, but the move above 87,35 already aborted the idea of a possible s/t top.
EUR/JPY Technical Analysis
(114,40) The EUR/JPY confirmed a weak closing well below the low of the previous session;
Asian Currencies Technicals
AUD/JPY: Dips To Test The 21-DMA. After making minor fresh highs for the week overnight the AUD/USD has ended the session looking a little soft,
Global Technical Watch – Led by lead
Industrial metals are gathering bullish pace, with lead – which has completed a one-year-plus basing pattern – a prime example.