EURJPY faces risk of further move higher halting its weakness on Thursday. On the downside, support comes in at the 122.50 level where a break will turn focus towards the 122.00 level. A cut through here will see a move towards the 121.50 level and possibly lower towards the 121.00 level. On the upside, resistance resides at the 123.50 level. Further out, we envisage a possible move towards the 124.00 level. Further out, resistance resides at the 124.50 level with a turn above here aiming at the 125.00 level. On the whole, EURJPY continues to face downside pressure short term but with risk of correction higher.
AUDUSD remains biased to the upside retaining its short term trend and looking for further gain. On the downside, support comes in at the 1.7150 level. A cut through here will turn focus to the 0.7100 level and then the 0.7050 level. A violation will set the stage for a retarget of the 0.7000 level. Conversely, resistance lies at the 0.7200 level where a breach will aim at the 0.7250 level. Below here will open the door for a run at the 0.7300 level and then the 0.7350 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, AUDUSD faces further upside threats.
EURUSD Biased To The Upside On Recovery Medium Term
EURUSD continues to face risk of further upside pressure as we enter a new week. Resistance comes in at the 1.1750 with a break of that area turning risk towards the 1.1800 level. A move above here will target the 1.1850 level. Further up, resistance stands at the 1.1800. On the down, support comes in at 1.1700 level with a violation opening the door for a run at the 1.1650 level. Further down, support is seen at the 1.1600 level. A cut through that level will clear the way for a move towards the 1.1550 level. All in all, EURUSD looks for more upside pressure.
NZDUSD continues to face risk of further move lower after declining on TRuesday. Support lies at the 0.6550 level where a break will turn attention to the 0.6500 level. A break of here will have to happen to create scope for a move higher towards the 0.6450 level. Further down, support resides at the 0.6400 level. Conversely, resistance stands at the 0.6650 level. Further down, the 0.6700 level comes in as the next downside target and then the 0.6750 level. All in all, NZDUSD faces further downside pressure
USDCHF sold off on Friday following its bear pressure. This development leaves risk of more decline on the cards. Support comes in at the 0.9050 level. Below here, support lies at the 0.9000 level and then the 0.8950 level. Further down, support comes in at the 0.8900 level. Its daily RSI is bearish and pointing lower suggesting more weakness. On the upside, resistance is seen at the 0.9150 level with a turn above there opening the door for a move towards the 0.9200 level. And then the 0.9250 level. Further up, resistance comes in at the 0.9300 level. All in all, USDCHF remains biased to the downside on further pullback.
USDJPY looks to move further lower after selling off on Wednesday. On the downside, support comes in at 105.00 level. Below this level will turn attention to the 104.50 level. Further down, support is seen at the 104.00 level. A cut through here will open the door for more decline towards the 103.50. Its daily RSI is bearish and pointing lower suggesting further decline. On the upside, resistance comes in at the 105.50 level where a break will target the 106.00 level. Below that level will turn focus to the 106.50 level and then lower towards the 107.00 level. On the whole, USDJPY faces further downside threats.
EURUSD faces further downside pressure as it holds on its downside short term trend. Resistance comes in at the 1.1750 with a break of that area turning risk towards the 1.1800 level. A move above here will target the 1.1850 level. Further up, resistance stands at the 1.1900. On the down, support comes in at 1.1700 level with a violation opening the door for a run at the 1.1650 level. Further down, support is seen at the 1.1600 level. A cut through that level will clear the way for a move towards the 1.1550 level. All in all, EURUSD looks for more downside pressure in the new week.
EURUSD faces further upside pressure as it looks to resume its uptrend in the new week. Resistance comes in at the 1.1900 with a break of that area turning risk towards the 1.1950 level. A move above here will target the 1.2000 level. Further up, resistance stands at the 1.2050. On the down, support comes in at 1.1800 level with a violation opening the door for a run at the 1.1750 level. Further down, support is seen at the 1.1700 level. A cut through that level will clear the way for a move towards the 1.1650 level. All in all, EURUSD looks for more upside pressure in the days ahead.
USDCHF eyes further upside pressure as we enter a new week. Support comes in at the 0.9100 level. Below here, support lies at the 0.8950 level and then the 0.8900 level. Further down, support comes in at the 0.8850 level. On the upside, resistance is seen at the 0.9200 level with a turn above there opening the door for a move towards the 0.9250 level. And then the 0.9300 level. Further up, resistance comes in at the 0.9350 level. Its daily RSI is bullish and pointing higher suggesting more gain. All in all, USDCHF remains biased to the upside on further strength
USDCHF eyes further downside pressure as it looks to extend its broader downside pressure. Support comes in at the 0.8950 level. Below here, support lies at the 0.8900 level and then the 0.8850 level. Further down, support comes in at the 0.8800 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance is seen at the 0.9050 level with a turn above there opening the door for a move towards the 0.9100 level. And then the 0.9150 level. Further up, resistance comes in at the 0.9200 level. All in all, USDCHF remains biased to the downside on further strength.
USDJPY looks to move further higher as it retains most of its rally gain. On the downside, support comes in at 105.00 level. Below this level will turn attention to the 104.50 level. Further down, support is seen at the 104.00 level. A cut through here will open the door for more decline towards the 103.50. On the upside, resistance comes in at the 105.50 level where a break will target the 106.00 level. Below that level will turn focus to the 106.50 level and then lower towards the 107.00 level. On the whole, USDJPY faces further upside threat in the days ahead.
EURUSD faces further upside pressure after closing for a second day in a row on Friday. Resistance comes in at the 1.1850 with a break of that area turning risk towards the 1.1900 level. A move above here will target the 1.1950 level. Further up, resistance stands at the 1.2000. On the down, support comes in at 1.1850 level with a violation opening the door for a run at the 1.1800 level. Further down, support is seen at the 1.1750 level. A cut through that level will clear the way for a move towards the 1.1700 level. All in all, EURUSD looks for more upside pressure in the days ahead.
GBPJPY looks to weaken further in the days ahead as it holds on to its downside pressure. On the upside, resistance comes in at the 138.00 level where a violation will aim at the 138.50 level. A break below here will target the 139.00 level followed by the 139.50 level. Conversely, support is seen at the 137.50 level followed by the 137.00 level. A cut through this level will set the stage for a move further lower towards the 136.50 level. Further down, support resides at the 136.00 level. All in all, GBPJPY remains biased to the downside in the short term.
EURUSD faces risk of further move higher in the days ahead. Resistance comes in at the 1.1950 with a break of that area turning risk towards the 1.2000 level. A move above here will target the 1.2050 level. Further up, resistance stands at the 1.2100. On the down, support comes in at 1.1850 level with a violation opening the door for a run at the 1.1800 level. Further down, support is seen at the 1.1750 level. A cut through that level will clear the way for a move towards the 1.1700 level. All in all, EURUSD looks for more upside pressure in the days ahead.
USDJPY looks to strengthen further following its rally during its Wednesday trading session. On the downside, support stands at 104.50 level. Below this level will turn attention to the 104.00 level. Further down, support is seen at the 103.50 level. A break through here will open the door for more decline towards the 103.00. On the upside, resistance comes in at the 105.00 level where a break will target the 105.50 level. Below that level will turn focus to the 106.00 level and then lower towards the 106.50 level. Its daily RSI is bullish and pointing higher suggesting more gain. On the whole, USDJPY faces further upside threats in the days ahead.
GBPUSD with the pair rejecting higher prices on Friday and following through lower on Monday, more decline is likely in the days ahead. Support is seen at 1.3300 area with a break turning focus to the 1.3250 level. Further down, support lies at the 1.3200 level. A cut through here will turn focus to the 1.3150 level and then the 1.3100 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance is seen at the 1.3350 with a break above that level allowing for more gain towards the 1.3400 level. Further out, resistance stands at the 1.3450 level followed by the 1.3500 level. On the whole, GBPUSD faces further downside threat nearer term.
EURUSD faces risk of further weakness with more decline expected in the new week. On the down, support comes in at 1.2050 level with a violation opening the door for a run at the 1.2000 level. Further down, support is seen at the 1.1950 level. A cut through that level will clear the way for a move towards the 1.1900 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance comes in at the 1.2150 with a break of that area turning risk towards the 1.2200 level. A move above here will target the 1.2250 level. Further up, resistance stands at the 1.2300. All in all, EURUSD looks for more downside pressure on price rejection.
USDCHF continues to eye further downside pressure it retains its broader medium term weakness. Support comes in at the 0.8800 level. Below here, support lies at the 0.8750 level and then the 0.8700 level. Further down, support comes in at the 0.8650 level. Its daily RSI is bearish and pointing lower suggesting more weakness. On the upside, resistance is seen at the 0.8850 level with a turn above there opening the door for a move towards the 0.8900 level. And then the 0.8950 level. Further up, resistance comes in at the 0.9000 level. All in all, USDCHF remains biased to the downside on further weakness.
GBPUSD with the pair rejecting lower prices to close higher the past week, more strength is expected in the new week. Support is seen at 1.3500 area with a break turning focus to the 1.3450 level. Further down, support lies at the 1.3400 level. A cut through here will turn focus to the 1.3350 level and then the 1.3300 level. On the upside, resistance is seen at the 1.3600 with a break above that level allowing for more gain towards the 1.3650 level. Further out, resistance stands at the 1.3700 level followed by the 1.3750 level. Its daily RSI is bullish and pointing higher suggesting more gain. On the whole, GBPUSD faces further upside threat medium term
EURUSD faces risk of further downside pressure after rejecting higher prices on Friday. On the down, support comes in at 1.2150 level with a violation opening the door for a run at the 1.2100 level. Further down, support is seen at the 1.2050 level. A cut through that level will clear the way for a move towards the 1.2000 level. On the upside, resistance comes in at the 1.2250 with a break of that area turning risk towards the 1.2300 level. A move above here will target the 1.2350 level. Further up, resistance stands at the 1.2400. All in all, EURUSD looks for more downside pressure in the new week.
