Technical Analysis

GBP/USD Technical Analysis

In Cable, JP Morgan notes that following the latest and decisive break below the 200 DMA (now resistance at 1.6695),

EUR/USD bounce looks to be capped at 1.3341/79 within the intact downtrend, notes JP Morgan.

AUD/USD did little Monday with the pair having failed to make an impact on the key $0.9374 resistance and

EUR/USD: Momentum strongly pro-decline. Euro clearly oversold. Correction likely, closeness of 1.300 level increases the likelihood of this.

In AUD/USD, Commerzbank notes that it comes off the 55 day moving average at .9360 which is still expected to cap,

USD/JPY still bounces off the 61.8% Fibonacci retracement at 103.66 hovering around the 104.13 April high, notes Commerzbank.

EUR/USD continues to move lower and is nowclose to its key support at 1.3105 (06/09/2013low).

EURUSD: With the Thu/Fri bounce occurring in a clear three wavecorrective manner a new trend low

The correction lower from the failed attempt at the $1.3220 level gathered steam Friday with the bearish close around

The shock in New Zealand’s June quarter merchandise terms of trade was that they rose 0.3%,

Last week’s rally saw spikes above the 55-DMA ($0.9361) with the rally remaining capped at $0.9374 which is the last line of defence for bears.

Last week’s rally saw spikes above the 55-DMA ($0.9361) with the rally remaining capped at $0.9374 which is the last line of defence for bears.