Tag Archives: GBP/JPY

EUR/USD continues to consolidate after its risefrom 1.3673 to 1.3906. Despite yesterday’sweakness, the short-term technical structure ispositive as long as the support at 1.3780(09/04/2014 low) holds.

EUR/USD’s decline from 1.3906 (11/04/2014high) has stopped around the 50% retracementmeasured from the low at 1.3673 (04/04/2014).

EUR/USD’s decline from 1.3906 (11/04/2014high) has stopped around the 50% retracementmeasured from the low at 1.3673 (04/04/2014). As a result, the short-term technical structure ispositive as long as the support at

EUR/USD has further recovered off supportat 1.3780. However, bullish rally is weak. Neartermsupport is located at 1.3785 (22/04/2014low, see also the low of the rising channel).

EUR/USD bounced yesterday near the supportat 1.3780. However, bullish rally is weak. Anhourly support is at 1.3785 (22/04/2014 low, seealso the low of the rising channel).

EUR/USD bounced yesterday near the supportat 1.3780. However, bullish rally is weak. Anhourly support is at 1.3780 (22/04/2014 low, seealso the low of the declining channel).

EUR/USD has thus far unable to catch a properbid the mid-term uptrend defines. Therefore, inthe short term is moving within a falling channel. An hourly support is at 1.3780 (09/04/2014 low,see also the low of the declining channel).

EUR/USD has broken hourly resistance at1.3833 and is ready to challenge the resistanceat 1.3851 (16/04/2014 high). The short-termtechnical configuration remains positive as longas the support at 1.3830 (old resistance holds).

EUR/USD has not challenged hourly resistanceat 1.3833 (15/04/2014 high), suggesting a periodof sideways trending. A test of the resistance at1.3162 (28/02/2013 is still likely.

EUR/USD bearish momentum has stalledaround support at 1.3820 (old resistance). Failureto find support here, followed by a clear breakunder 1.3820 (02/02/2014) region, will warn of alarger downside corrective phase to1.3673.

EUR/USD short-term bullish momentum isdominate despite pause, after breaking out of itsshort-term declining channel and pushing abovenear term resistance. Monitor the resistance at1.3820 (see also 50% retracement).