With USDJPY selling off through its rising trendline on Thursday and following through lower, further corrective weakness is likely. Support comes in at the 95.54 level where a violation will aim at the 95.00 level. Further down, support stands at the 94.00 level. Its daily RSI is bearish and pointing lower supporting this view.
Mohammed Isah | Jun 07, 2013 | FX Tech Strategy
EURUSD: More bullish offensive is now building up as EUR continues to hold on to its bull pressure. Resistance resides at the 1.3150 level. Further out, resistance comes in at the 1.3242 level. A break through here will resume its medium term uptrend. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 1.2932 level followed by the 1.
Mohammed Isah | Jun 06, 2013 | FX Tech Strategy
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Jun 04, 2013 | PipHut.com
0.97, bottom: AUD/USD looks like it is trying to establish a price bottom after rising above 0.97 during the 6/3 session. However it retreated from the 0.9790 area during the 6/4 session and fell further after a dovish RBA statement, to 0.965 before finding support.
Fan Yang | Jun 04, 2013 | FX Times
Watch research director Kathleen Brooks as she gives her view on USDJPY as we lead up to some key economic data releases. Also get her take on GBPUSD and why gains could be capped in the short term.
Kathleen Brooks | Jun 04, 2013 | Forex.com
With a follow through higher on its corrective recovery seen on Monday, further upside offensive cannot be ruled out. Resistance resides at the 1.5400 level where a violation will call for a run at the 1.5457 level. Further out, the 1.5500 level comes in as the next upside where a break will aim at the 1.5550 level. Its daily RSI is bullish and pointing higher supporting this view.
Mohammed Isah | Jun 04, 2013 | FX Tech Strategy
Consolidation: The GPY/JPY is consolidating with support around 152.35. Resistance was set around 154.75 but the highs have been getting lower, a sign of short-term bearish bias even though the market is consolidating.
Fan Yang | May 31, 2013 | FX Times
EUR/USD is in a large consolidation between 1.2744 (2013-low) the 1. It is in the bottom half of that consolidation, below 1.30, forming a triangle. The 4H RSI stuck between 40 and 60 reflects consolidation momentum. A break to tag 30 or 70 should reflect new directional momentum.
Fan Yang | May 30, 2013 | FX Times
The Euro snapped back on Wednesday despite the dismal developments coming out of the monetary union, but the EURUSD may continue to range-bound prices ahead of the European Central Bank (ECB) interest rate decision on tap for next week as market participants weigh the outlook for monetary policy.
David Song | May 30, 2013 | DailyFX
The Euro regained its footing on Tuesday, with the EURUSD bouncing back from an overnight low of 1.2882, but the single currency may struggle to hold its ground ahead of the next European Central Bank (ECB) interest rate decision on June 6 as the Governing Council maintains a dovish tone for monetary policy.
David Song | May 29, 2013 | DailyFX
Topping action: The 4H GBP/JPY chart shows a market that has put in a top after it broke below a range roughly between 154.90-156.75. It has found support at a support area around 152.65, though we saw some spikes below.
Fan Yang | May 28, 2013 | FX Times
With the pair halting its recovery, further decline and its downtrend resumption is now envisaged. Support resides at the 1.5013/00 levels. Further down, support comes in at the 1.4950 level where a break will target the 1.4900 level and then the 1.4850 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1.5276 level followed by the 1.
Mohammed Isah | May 28, 2013 | FX Tech Strategy