GBPJPY aims at key resistance located at 149.71 level. This is coming on the back of its intra day strength during Monday trading session today. On the downside, support comes in at the 148.50 level where a violation will aim at the 148.00 level. A break below here will target the 147.50 level followed by the 147.00 level. On the upside, resistance resides at the...
EURUSD remains vulnerable to the downside following its past week lower close. This development has opened the door for more weakness in the days ahead. On the upside, resistance comes in at 1.1650 level. A break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the...
EURGBP remains vulnerable short term as it closed lower the past week. This has open the door for more weakness. But it could face a recovery threat in the new week as it took back its intra day losses on Friday. Support stands at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break of here will aim at the 0.8750 level. Its daily RSI is...
GBPUSD faces further bear pressure as it weakens further on the back of its Thursday sell off. Resistance stands at the 1.3100 with a turn above here allowing for more strength to build up towards the 1.3150 level. Further out, resistance resides at the 1.3200 level followed by the 1.3250 level. Support lies at the 1.3000 level where a break will turn attention to...
NZDUSD: Remains Weak And Vulnerable To The Downside NZDUSD remains weak and vulnerable to the downside as it retains its broader bear pressure. This leaves more weakness is likely in the days ahead. Support lies at the 0.6600 level. Further down, the 0.6550 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further...
USDCAD retains bull pressure as it looks for further corrective recovery gain in the days ahead. Support lies at the 1.3000 level where a break will aim at the 1.2950 level. Further down, support comes in at the 1.2900 level where a turn lower may occur. But if further weakness is triggered support comes in at the 1.2850 level. Conversely, resistance lies at the...
USDJPY: The pair remains biased to the upside as it looks to recover further higher with eyes its key resistance located at 113.16 level. Above here, resistance resides at the 113.50 level. Further out, we envisage a possible move towards the 114.00 level. Further out, resistance resides at the 114.50 level with a turn above here aiming at the 115.00 level. Its...
AUDUSD. The With the pair backing off higher prices to close lower on Tuesday, more downside pressure is likely in the days ahead. Support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards the 0.7050 level....
EURUSD: The pair still faces further upside pressure following its rally on Thursday. On the upside, resistance comes in at 1.1800 level with a break through there opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Its weekly RSI is bullish and pointing higher...
NZDUSD: With the pair still retaining its upside pressure on correction, more strength is envisaged in the new week. Support lies at the 0.6650 level. Further down, the 0.6600 level comes in as the next downside target. Conversely, resistance resides at the 0.6750 level where a break will aim at the 0.6800 level. A break of here will have to occur to create...
GBPJPY: The cross rallied strongly on Thursday opening the door for more price gain in the days ahead. On the downside, support comes in at the 149.00 level where a violation will aim at the 148.50 level. A break below here will target the 148.00 level followed by the 147.50 level. Conversely, resistance is seen at the 149.50 level followed by the 150.00 level. A...
USDCHF: The pair remains biased upside on price recovery. This is coming on the back of its second day of strength. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9719 level where a break will clear the way for...
USDJPY: The pair now faces further bull pressure after resuming its short term uptrend during Tuesday trading today. On the downside, support lies at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110.50 level. On the upside, resistance resides at the...
EURJPY: With the pair seeing taking back its Friday losses during Monday trading session, a resumption of its short term uptrend is now likely. Support comes in at the 130.50 level where a break if seen will aim at the 130.00 level. A cut through here will turn focus to the 129.50 level and possibly lower towards the 129.00 level. On the upside, resistance resides...
EURUSD: The pair may have closed higher the past week but could see a move lower following its price reversal on Friday (see daily chart). On the downside, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. Conversely,...
USDCHF: The pair looks to move further lower as it continues to hold on to its downside pressure. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. On the upside, resistance resides at the 0.9700 level where a break will clear the way for more strength to...
USDJPY: The pair continues to retain its upside pressure following a rally on Thursday. This development leaves risks of more recovery towards 112.14/50 levels. Further up, resistance resides at the 113.00 level. A move above here will open the door for more gain towards the 113.50 level. Further out, resistance resides at the 114.00 level with a turn above here...
EURUSD: The pair now faces further corrective higher as it looks to extend strength. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 5level where a...