FXTechstrategy Team / Blog
USDJPY: The pair continued further higher on the back of its Friday strength on Monday. USDJPY faces recovery threats towards key resistance. On the downside, support comes in 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...
GOLD: Having continued to decline following its Friday downside pressure after price failure, more weakness is now envisaged in the days ahead. On the downside, support comes in at the 1210.00 level where a break will turn attention to the 1200.00 level...
EURUSD: Although holding on to its upside offensive, EURUSD faces pullback threats on loss of momentum at the end of the week. On the downside, support is located at the 1.1200 level and if violated, expect more weakness to happen towards the 1.1150 level. Further down, support lies at the 1...
GBPUSD: Having the pair rejected lower prices on Thursday and was seen strengthen during Friday trading session today, it looks to strengthen further. Support lies at the 1.4500 level where a break will turn attention to the 1.4450 level. Further down, support lies at the 1.4400 level...
EURUSD: Although holding on to its upside offensive, its loss of upside momentum is suggestive of a return to the downside. Support lies at the 1.1250 level. Further down, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100 level...
USDCHF: Having continued to maintain its downside pressure selling off on Thursday, USDCHF targets support at the 0.9600 zone. This is coming on the back of its intra day price reversal on Wednesday. On the downside, support lies at the 0.9600 level...
EURUSD: Having taken back all of its intra day losses to close flat on Wednesday and following through higher during Thursday trading session , EURUSD faces further bullish offensive short term. Support lies at the 1.1250 level. Further down, support lies at the 1...
GBPUSD: Having halted its weakness to close higher on Tuesday and followed through higher on Wednesday, GBPUSD aims at 1.4591 level on bullishness. Support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level...
EURJPY: With price rejection now seen, EURJPY looks to put in temporary bottom. Unless the pair returns below the 128.26 level, we think a corrective recovery should occur. On the downside, support comes in at the 129.00 level where a break will aim at the 128.50 level...
USDJPY: The pair sold off further on Monday and followed through lower during early trading on Tuesday. This development leaves risk of more weakness on the cards. However, beware of a correction. On the downside, support comes in at the 115.00 level where a break if seen will aim at the 114...