FXTechstrategy Team / Profile

USDJPY: The pair halted its strength and turned lower after failing to hold above its range top at the 121.23/32 zone on Monday. This development has triggered a sell-off leaving risk of more weakness on the cards. On the upside, risk should build up towards the 121.00 level...

EURUSD: The pair halted its weakness and turned higher on Monday leaving risk of more recovery on the cards. While the 1.1016/17 level zone continues to provide support, we should see a move higher on correction. On the downside, support lies at the 1...

GBPUSD: GBP declined sharply the past week leaving risk of more weakness on the cards. While it holds and trades below its cluster of resistance zone at 1.5371/83, its outlook remains lower. Support lies at the 1.5250 level where a break will turn attention to the 1.5300 level...

GOLD: Outlook for GOLD remains lower while the commodity holds and trades below the 1191.53 zone, its key resistance. On the downside, support comes in at the 1155.00 level where a break will turn attention to the 1140.00 level...

EURUSD: A large sell-off the past week now left EUR testing its key support located at the 1.1016 level. However, this level should provide a temporary support causing a corrective recovery. But if violated, expect more weakness to occur towards the 1.0950 level...

EURGBP- The cross extending its weakness the past week leaving risk of more weakness on the cards. We are however likely to see a price consolidation or even a mild recovery higher. And we think its support located at the 0.7196/70 zone will provide the platform. Support comes in at 0.7150 level...

USDCHF: The pair strengthened the past week taking back its three-week losses to close higher. This development has opened the door for more strength towards its key resistance at the 0.9843 level. This level if broken will set the stage for a run at the 0.9900 level...

EURJPY: EURJPY sold off on price failure cutting through its key support 134.79 level on Thursday. This development now leaves it targeting further weakness towards the 133.50 level. As long as it can trade and hold below its support at 134.79 level, more weakness is likely...

GOLD: With the commodity continuing to hold on to its downside pressure, further downside pressure is likely. On the downside, support comes in at the 1155.00 level where a break will aim at the 1140.00 level. A cut through here will open the door for move lower towards the 1130.00 level...

USDJPY: The pair remains on the offensive as it looks to push further higher towards its resistance at 120.56. On further bullishness, risk should build up towards the 121.00 level. Above here will aim at the 121.50 level. A break will target the 122.00 level...

GBPJPY: With the cross closing lower on price failure on Wednesday, we envisage further move lower in the days ahead. On the downside, support comes in at the 184.00 level where a violation will aim at the 183.00 level. A break below here will target the 182.00 level followed by the 181.00 level...

AUDUSD: The pair remains weak and vulnerable to the downside triggering further weakness during Wednesday trading session today. This is coming on the back of its failed recovery attempt on Tuesday. On the downside, support comes in at the 0.7197 level where a breach will aim at the 0.7150 level...

GBPUSD: GBP continues to hold on to its downside bias failing at the 1.5505 level to close lower on a rejection candle on Tuesday. While it remains below the 1.5508 level and its 200 EMA, our bias remains to the downside. Resistance resides at the 1.5508 level...

USDJPY: The pair’s recovery triggered off the 118.05 level on Oct 15 2015 remains intact and intact. The immediate risk is for USDJPY to retarget its range top at 121.23 zone. On the upside, nearby resistance stands at the 120.00 level. Above here will aim at the 120...

GOLD: The commodity declined further on Monday opening the door for more weakness. GOLD continues to hold on its weakness triggered off the 1183.80 level on Oct 15 2015. On the downside, support comes in at the 1160.00 level where a break will aim at the 1150.00 level...

AUDUSD: AUDUSD took back its intra day gains to close slightly lower on Monday leaving risk of more weakness on the cards. While the pair can trade and hold below the 0.7363/81 levels, we think more weakness should occur towards its support at 0.7197. On the upside, resistance lies at the 0...

USDJPY: With USDJPY halting its weakness to close higher the past week, it looks to move higher in the new week. We envisage a possible move towards its range top at the 121.32 level. On the upside, resistance resides at the 120.00 level with a turn above here aiming at the 120.50 level...

CRUDE OIL: The commodity may have closed lower the past week and reversed most of its previous week gains but on the daily chart it has put in a temporary bottom. This could trigger further recovery in the new week. On the downside, support resides at the 47...

EURUSD: Having EUR closed slightly lower the past week on a rejection candle print, it faces additional weakness in the new week. This view remains valid as long as the pair can trade and hold below its key resistance zone at 1.1459/94 level. Support lies at the 1...

EURJPY: The cross took back most its previous week gains to close lower on Friday. This development leaves it vulnerable to the downside in the days ahead. While holding below the 136.96/137.44 zone,its key overhead resistance, risk remains lower. Support comes in at the 135...