Technically speaking only, the high we saw Sunday night is the May 18 low at 1.2667 and he low seen in January. The level, therefore, at 1.2667 is a strong one. A break above could test the levels at 1.2725 and even 1.2820.
The Sunday high is also a parallel Elliott channel.
We should also note that 12820 happens to be the level that the rally from 1.2287 to1.2267 will equal the rally from 1.2441.
Alternatively, since we are in volatile times, we see hectic trading levels from the support at 1.2434 to 1.2667. Other support levels are at 1.2540, 1.2435 and 1.2385.
USD/SEK Is Above 7.00
USD/SEK: An interesting market to take a look at today. This cross has formed an inverse head and shoulders pattern after the break and close above 7.00. We can now see a test of the resistance level at 8.00.
Alternatively a break and close below the resistance turned support at 7.00 can see a test of the support at 6.75.
Daily Technical Analysis: GBP/JPY
GBP/JPY: Was not very active yesterday. We see support at 122.00 and could test 125.50, eventually.
First support is at 123.25. A break and daily close below that level can test 122.00. 
DISCLOSURE AND DISCLAIMER: THE ABOVE IS FOR INFORMATIONAL PURPOSES ONLY AND NOT TO BE CONSTRUED AS SPECIFIC TRADING ADVICE. RESPONSIBILITY FOR TRADE DECISIONS IS SOLELY WITH THE READER.
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EUR/USD At Strong Support Level 1.2667
Published 06/19/2012, 04:22 AM
Updated 02/02/2022, 05:40 AM
EUR/USD At Strong Support Level 1.2667
EUR/USD:
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