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Thursday's Technical Analysis: AUD/USD, EUR/JPY, EUR/USD, GBP/JPY

Published 06/25/2015, 06:39 AM
Updated 07/09/2023, 06:31 AM

AUD/USD

Market Scenario 1: Long positions above 0.7754 with target @ 0.7806.

Market Scenario 2: Short positions below 0.7718 with target @ 0.7666.

Comment: The pair rose but worries about Greece drove down demand for higher yielding assets, leading to a lower close.

Supports and Resistances:

R3 0.7842

R2 0.7806

R1 0.7754

PP 0.7718

S1 0.7666

S2 0.7630

S3 0.7578

AUD/USD 30-Minute Chart

EUR/JPY

Market Scenario 1: Long positions above 138.73 with target @ 139.21.

Market Scenario 2: Short positions below 138.29 with target @ 137.81.

Comment: The pair extended losses near 138.40 level as the yen bulls took charge across the board as Greece concerns continue to support safe-haven appeal in the Japanese currency.

Supports and Resistances:

R3 140.13

R2 139.65

R1 139.21

PP 138.73

S1 138.29

S2 137.81

S3 137.37

EUR/JPY 30-Minute Chart

EUR/USD

Market Scenario 1: Long positions above 1.1197 with target @ 1.1241.

Market Scenario 2: Short positions below 1.1197 with target @ 1.1160.

Comment: The pair left overnight tops near 1.1220 and went back below 1.1200 level.

Supports and Resistances:

R3 1.1322

R2 1.1278

R1 1.1241

PP 1.1197

S1 1.1160

S2 1.1116

S3 1.1079

EUR/USD 30-Minute Chart

GBP/JPY

Market Scenario 1: Long positions above 193.87 with target @ 194.87.

Market Scenario 2: Short positions below 193.87 with target @ 193.24.

Comment: The pair faced support level 193.87 and rebounded.

Supports and Resistances:

R3 197.13

R2 196.50

R1 195.50

PP 194.87

S1 193.87

S2 193.24

S3 192.24

GBP/JPY 30-Minute Chart

GBP/USD

Market Scenario 1: Long positions above 1.5724 with target @ 1.5783.

Market Scenario 2: Short positions below 1.5724 with target @ 1.5647.

Comment: The pair recovered losses and jumped higher in the European morning, snapping its losing streak into a fourth day as the dollar once again lost ground amid an empty UK macro calendar.

Supports and Resistances:

R3 1.5919

R2 1.5860

R1 1.5783

PP 1.5724

S1 1.5647

S2 1.5588

S3 1.5511

GBP/USD 30-Minute Chart

USD/JPY

Market Scenario 1: Long positions above 123.98 with target @ 124.25.

Market Scenario 2: Short positions below 123.59 with target @ 123.32.

Comment: The pair after dipping to lows tries to recover some losses by trading near 123.75 level.

Supports and Resistances:

R3 124.91

R2 124.64

R1 124.25

PP 123.98

S1 123.59

S2 123.32

S3 122.93

USD/JPY 30-Minute Chart

GOLD

Market Scenario 1: Long positions above 1180.10 with target @ 1185.70.

Market Scenario 2: Short positions below 1174.10 with target @ 1168.50.

Comment: Gold prices are facing additional pressure from a stronger dollar and expectations of a US interest rate increase.

Supports and Resistances:

R3 1191.70

R2 1185.70

R1 1180.10

PP 1174.10

S1 1168.50

S2 1162.50

S3 1156.90

Gold 30-minute Chart

CRUDE OIL

Market Scenario 1: Long positions above 60.53 with target @ 61.26.

Market Scenario 2: Short positions below 60.53 with target @ 59.49.

Comment: Crude oil prices trade unchanged near 60.20 level.

Supports and Resistances:

R3 63.03

R2 62.30

R1 61.26

PP 60.53

S1 59.49

S2 58.76

S3 57.72

Crude Oil 30-Hour Chart

USD/RUB

Market Scenario 1: Long positions above 53.794 with target @ 54.404.

Market Scenario 2: Short positions below 53.098 with target @ 52.488.

Comment: The pair advanced above 53.500 level.

Supports and Resistances:

R3 55.709

R2 54.404

R1 53.794

PP 53.098

S1 52.488

S2 51.793

S3 50.487

USD/RUB 30-Minute Chart

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