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GBPJPY Looks To Resume Short Term Uptrend GBPJPY looks to resume short term uptrend as it eyes further upside strength. On the downside, support comes in at the 135.00 level where a violation will aim at the 134.50 level. A break below here will target the 134.00 level followed by the 133.50 level. Conversely, resistance is seen at the 136.00 level followed by the 136.50 level. A cut through that level will set the stage for a move further higher towards the 137.00 level. Further out, resistance resides at the 137.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GBPJPY remains biased to the upside on further recovery.
Long
by FXTechstrategy
1
EURUSD Continues To Retain Its Broader Downside Pressure EURUSD continues to retain its broader downside pressure as it holds on ti its broader medium term weakness. Support comes in at the 1.1000 where a break will turn risk to the 1.0950 level. A breach below here will target the 1.0900 level. Further down, support stands at the 1.0850. Conversely, on the upside, resistance comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1100 level. Further up, resistance lies at the 1.1150 level. A cut through that level will clear the way for a move towards the 1.1200 level. All in all, EURUSD expects more weakness in the days ahead
Short
by FXTechstrategy
USDCHF Looks To Extend Its Short Term Recovery Pressure USDCHF looks to extend its short term recovery pressure. Resistance comes in at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance stands at the 1.0100 level. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, support is located at the 0.9850 level with a turn below here opening the door for more decline towards the 0.9800 level. And then the 0.9750 level. Further down, support comes in at the 0.9700 level. All in all, USDCHF remains biased to the upside on price extension
Long
by FXTechstrategy
GBPJPY Follows Through Higher On Price Extension GBPJPY extended its strength on Thursday following its rally on Wednesday. On the downside, support comes in at the 131.50 level where a violation will aim at the 131.00 level. A break below here will target the 130.50 level followed by the 130.00 level. Conversely, resistance is seen at the 132.50 level followed by the 133.00 level. A cut through that level will set the stage for a move further higher towards the 133.50 level. Further out, resistance resides at the 134.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GBPJPY remains biased to the upside on further recovery pressure.
Long
by FXTechstrategy
AUDUSD Faces Recovery Threats On Lower Price Rejection AUDUSD faces recovery threats on lower price rejection ahead of its key support. On the upside, resistance lies at the 1.6750 level. A cut through here will turn focus to the 0.6800 level and then the 0.6900 level where a violation will set the stage for a retarget of the 0.6850 level. Support lies at the 0.6700 level where a breach will aim at the 0.6650 level. Below here will open the door for a run at the 0.6600 level and then the 0.6550 level. On the whole, AUDUSD faces further upside threats on recovery.
Long
by FXTechstrategy
USDCAD Bear Pressure Sets Up To Extend Further USDCAD bear pressure sets up to extend further following its Friday losses. Support lies at the 1.3200 level where a violation will aim at the 1.3150 level. Further down, support comes in at the 1.3100 level where a break lower may occur. This if seen will trigger further weakness towards the 1.3050 level. Its daily RSI remains vulnerable to the downside suggesting more decline. Conversely, resistance stands at the 1.3300 level where a break will target the 1.3350 level. Further up, resistance resides at the 1.3400 level and then the 1.3450 level. All in all, USDCAD looks to weaken further in the days ahead.
Short
by FXTechstrategy