Technical Analysis

GBP/JPY Technical Analysis

(136,55) The GBP/JPY confirmed yesterday even a 137,80 overshooting before turning again lower. The closing was still very strong.

EUR/CHF Technical Analysis

(1,2082) The EUR/CHF is further consolidating interior the inside day with 1,2140 – 1,2065 still the levels to follow in the coming hours.

Daily Market Technicals

EUR/USD: Fails At $1.3284, Potential Gravestone Doji Noted. Heavy selling pressure forced Euro-dollar lower after the pair tested the Former Nov 21 support line as resistance.

AUD/USD: Bounces Off 21-DMA On First Test. The pair has managed to take out the rising daily trend line off Nov monthly lows and the initial support but has bounced off the 21-DMA on the first attempt.

GBP/USD – wave-(4) pullback can set stage for test of 1.65

Cable is now at pivot resistance (1.6302) that dates back to April of this year. Since finding support within a textbook bull-flag,

FX Daily Crosses

Today’s highlights: – EUR/GBP: .8097 support continues to hold firm. The immediate bias remains higher whilst above here for a test of the .8166/7 key neckline hurdle. Above here exposes .8263.

FX Daily Majors

Today’s highlights: – EURUSD: Probing the 1.3284 hurdle now. We expect the market to break out eventually through here and persist higher to 1.3388 and then 1.3487.

FX Trends daily (FOCUS: EUR/AUD)

EUR/AUD The EUR/AUD cleared a short term resistance at 1,2545 (Dec 3 high pivot) which signals an extension of the recovery in the short term toward 1,2675 (short term retracement),

USD/CHF Technical Analysis

(0,9125) The USD/CHF failed to confirm the small positive day reversal extending instead the decline already toward 0,9110 area.

Technical Alert

EURUSD overlooked a potentially bearish “Doji” yesterday and demand at elevated levels is still visible. Refs above at 1.3284 & 1.3342 are now in sight.

Daily Market Technicals

GBP/USD: Bulls Break Apr 2011 Res Line, Now Eye 2012 High. The pair has closed above the former Apr 2011 resistance line, now intial support at $1.6234 and bears will want to retest this.

EUR/GBP Technical Analysis

(0,8146) EUR/GBP confirmed yesterday a session of consolidation forming a new inside day with 0,8165 – 0,8100 the levels to follow in the coming hours.