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We begin our analysis with the EURUSD which shows a long-term trend that
has lasted five weeks uninterrupted. Levels of 1.0818 could give an end
to this uptrend which sees its first resistance at 1.25760 on the
weekly chart. Even the Daily chart is well set up where it finds its
first resistance at 1.25140 helpful. In the very short term Stochastic
and RSI overbought situation where they see a possible correction.
Support levels on the H4 time frame are: 1.13230 – 1.12220 – 1.11080.
Exceeding the 1.11080 support could be critical for the Daily Graphic
weakening uptrend. As for Cable or GBPUSD we have a well-defined bullish
primary trend where every downward correction could be a buy signal.
The graph settimale sees next resistance located at 1.60580. Stochastic
and RSI indicators in overbought suggesting to sell at the beginning of
next week with target at 1.56340 and 1.54320. Threatening the level of
1.53920 for the Daily chart where the uptrend could be seriously
compromised. The pair EURJPY sees consolidate its bullish trend where a
continuation of the same may take in the coming weeks to the level of
142,350. In the short term Stochastic and RSI in overbought strong could
foster corrections bringing change EURJPY to support 135,810 to
134,830. Support 134,290 if broken down could jeopardize the bullish
trend on the Daily chart. USDJPY sees now a laterelizzazione 23 weeks
where we have created a powerful bullish flag that if broken would fast
space reaching 123,660 share. Sharp movements in the weekend suggest an
increase in volatility which is very likely that this phase of
lateralization is interrupted. Levels of resistance of 121,500 could be
achieved in a short time. Stochastic and RSI indicators in short enough
waste could encourage stretch of resistance amounted to 120,110 and
120,490 where the rupture of the latter would open the way for a new
primary uptrend.
