FXTechstrategy Team / Blog
GBPUSD: The pair sold off strongly during Monday trading session leaving risk lower towards its key support at 1.4079. On the downside, support lies at the 1.4050 level where a break will turn attention to the 1.4000 level. Further down, support lies at the 1.3950 level...
GOLD: Having GOLD taken back almost all of its gains to close a rejection candle the past week, further bullishness is likely. On the downside, support comes in at the 1210.00 level where a break will turn attention to the 1200.00 level...
EURUSD remains vulnerable to the downside with risk of a move lower likely. However, its higher close on Friday on a rejection candle, we could see it push higher on a recovery. On the downside, support is located at the 1.1100 level and if violated, expect more weakness to happen towards the 1...
USDCHF: The pair closed higher the past week leaving risk of more strength on the cards. However, with pullback seen on Friday (see daily chart), further downside pressure is likely in the new week. On the downside, support lies at the 0.9850 level...
NZDUSD: Having continued to remain vulnerable, NZDUSD faces further downside threats. Support lies at the 0.6600 level where a break will aim at the 0.6550 level. Further down, the 0.6500 level comes in as the next downside target...
GBPJPY: With GBPJPY taking back its intraday price losses to close lower on Thursday, further bearishness is envisaged. On the downside, support comes in at the 161.00 level where a violation will aim at the 160.50 level. A break below here will target the 160.00 level followed by the 159...
GBPUSD: Having the pair halted its downside pressure and threatening recovery, we expect price extension to occur. Support lies at the 1.4300 level where a break will turn attention to the 1.4250 level. Further down, support lies at the 1.4200 level...
EURJPY: Having the cross continued to hold on to its downside pressure, more weakness is envisaged. Support comes in at the 126.50 level where a break will aim at the 126.00 level. A turn below here will target the 125.50 level with a breach turning focus to the 125.00 level...
EURUSD: With continued downside pressure seen, EURUSD targets the 1.1059 support zone . This leaves the pair targeting its key support located at the 1.1059 level. However, immediate support lies at the 1.1100 level with a cut through there opening the door for more weakness towards the 1...
GBPUSD: Having the pair declined sharply on Tuesday, GBPUSD targets more weakness on bear pressure. Support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level. Below here will set the stage for more weakness towards the 1...