FXTechstrategyTeam / Profile

EURGBP - With the cross remaining on the offensive, we look for more strength to build up. While it holds above the 0.7360 zone, expect more strength possibly towards the 0.7482/0.7500 region. On the upside, resistance lies at the 0.7450 level where

EURUSD: With EUR failing to maintain its upside momentum and turning lower off the 1.1280 level during Tuesday trading session, risk of more weakness is now developing. In such case, support at the 1.1150 level with a break of here opening the door

USDCHF : The pair followed through higher the past week on the back of its previous week long-tailed candle formation. This keeps the immediate outlook higher. However, its immediate challenge is to break and hold above the 0.9823 level. That level

GBPUSD: With GBP turning lower at its key resistance zone at 1.5450/7 today, there is risk of more weakness as long as that zone continues to hold. This development is coming on the back of our earlier warning of how significant that level will be

USDCAD : USDCAD continues to remain in a consolidation mode having been trapped in a range below its key resistance zone at 1.3352. A break either way must occur to trigger directional moves. Resistance resides at the 1.3300 level where a break will

GBPJPY : With the cross weakening following its failed intra attempts on the upside, we see further weakness in the days ahead. This view remains valid while the 187.31/47 zone remains as resistance. On the downside, support comes in at the 183.50

AUDUSD : AUDUSD continues to look for further move higher with the possibility of a retest of the 0.7214/33 zone. On the upside, resistance lies at the 0.7280 levels. A cut through here will turn attention to the 0.7233 level and then the 0.7350

EURJPY: With EURJPY pausing its recent corrective weakness to turn higher during Wednesday trading session , it looks to build on that move in the days ahead. While the 134.99 level remains as support, our bias remains higher nearer term. In such a

GBPUSD: With GBPUSD breaking above the 1.5450/07 zone during Wednesday trading session , further bullish offensive is likely. However, it must hold above its resistance turned support zone on a weekly closing basis to prevent a return to the

EURUSD: Having EUR halted its two-day corrective weakness to close higher on a rejection candle on Wednesday , further strength cannot be ruled out. On the upside, resistance comes in at 1.1350 level with a cut through here opening the door for more

USDJPY : With the pair remaining on recovery path, we look for more upside pressure to occur in the days ahead. This leaves the 121.32 level, its Sept 10 2015 high as the next upside target. A cut through here will set the stage more strength towards

USDCHF: With USDCHF reversing almost all of its past week losses to close marginally lower on Friday , risk of further move higher is likely. On the upside, resistance lies at the 0.9762 level with a breach targeting the 0.9800 level. A breather may

GBPJPY Pauses Recovery, Vulnerable To The Downside GBPJPY: The cross closed almost flat the past week (see weekly chart) after failing to follow through higher on the back of its previous week gains.Additionally, it printed a rejection candle on

GOLD: The commodity triggered a recovery the past week to close higher suggesting further upside. However, we may see a move lower while the 1147.87 level continues to hold as resistance. On the downside, support comes in at the 1127.00 level where a

EURJPY: With the cross selling off on Friday to close the week lower, we envisage a follow-through lower in the days ahead. Support comes in at the 135.00 level where a break will aim at the 134.50 level. A turn below here will target the 134.00

EURGBP- With the cross closing lower the past week and following through lower during Monday trading session , further downside pressure in the days ahead. On the upside, resistance lies at the 0.7300 level where a violation if seen will turn risk

AUDUSD: AUDUSD took back all of its intra day gains to close lower on Thursday leaving risk of further move lower on the cards. With the formation of a pin bar, it faces the possibility of bear threats while holding below the 0.7275 level. On the

EURUSD : Having EUR closed lower on price failure at 1.1459 level to print a rejection candle the past week, further weakness is envisaged in the new week. As long as the mentioned overhead resistance holds as resistance, our bias continues to point

GBPJPY: With the cross seeing weakness following a rejection candle print on Wednesday, further bearish momentum threat is envisaged. On the upside, resistance resides at 185.00 level with breach targeting further strength towards the 186.00 level. A

EURUSD: EUR lost upside momentum during Tuesday trading session today leaving risk of further downside pressure on the cards. A follow through lower is expected to create scope for more weakness which is consistent with its short term downtrend