Technical Analysis
GBP/JPY Technical Analysis
(122,60)The GBP/JPY confirmed a strong closing above the resistance of the positive outside day at 121,20 supporting further strength. Possible a direct extension of the move up toward the 200 days line, now found a 124,51.
EUR/CHF Technical Analysis
(1,2110) EUR/CHF confirmed a move above the neck line suggesting a possible extension of the move up towards a possible s/t target at 1,2142!! The indicators of the daily chart are already recovering above the line and also those of the s/t ones are in positive territory supporting higher levels.
GBP/USD Technical Analysis
(1,5920)The CABLE is confirming the expected overshooting of the 1,59 level suggesting a test of the 200 days line at 1,5940 with even a possible direct overshooting that could mean an overshooting toward 1,61.
EUR/GBP Technical Analysis
(0,8340) EUR/GBP is confirming further consolidation interior the inside day with 0,8400 – 0,8270 still the levels to follow in the coming hours. The closing last night was strong above the top of the previous session suggesting further strength.
FX Market Technical Research
EUR/USD is right at the top of the 1.3280 range, this represents a return to point of break out from the previous uptrend (see weekly chart on the next slide). However the move yesterday looks directional and that the market appears to be breaking higher from a bull flag pattern.
Technical Analysis
It’s a euro relief rally… possibly towards 1.34 in EURUSD and above 102.50 in EURJPY… This move is also felt in EURCHF which is eyeing resistance at 1.2110 – an opener for 1.22 (the yearly high) and in EURAUD where a bullish “Key-day reversal” is in the making…
EUR/JPY Technical Analysis
(102,30) The EUR/JPY confirmed a strong closing last night well above the resistance of the inside day at 100,85 supporting the extension that this morning favoured a test of the 102,45 area.
EUR/USD Technical Analysis
(1,3274) The EUR/USD confirmed a strong closing last night above the resistance of the positive outside day at 1,3230 supporting further strength. Possible an overshooting toward the 1,3450 area!! The indicators of the daily chart are still well positive supporting further strength.
USD/CHF Technical Analysis
(0,9113) The USD/CHF is confirming further consolidation interior the negative outside day with 0,9265 – 0,9100 still the levels to follow in the coming hours. A daily closing below 0,9100 will support a deeper correction toward 0,9077 our s/t target with even a possible undershooting toward the 200 days line.
USD/JPY Technical Analysis
(77,04) The USD/YEN failed to confirm the small negative day reversal extending instead the move up above 77 with already a test of the 100 days line at 77,16. The indicators of the daily chart are now positive supporting further strength.
EUR/AUD Analysis
(1,2215) EUR/AUD confirmed further weakness and a new low at 1,2133 before bouncing higher. Still possible further weakness toward the 1,20 area while below 1,2270 on daily closing!!
Technical Analysis: USD-TRY at strong support
USD-TRY is at a strong support zone with a high risk of an upward reversal. Gold has broken down from its ending diagonal and the structure of the initial fall suggests more weakness to come. Stocks are at the upper limits of the bear market rally from October but EUR-USD may have another short-term rally […]