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(GBP/JPY)
The Pound inclined last week against the Yen, yet could not hold above the key level at 211.80 which now represents a major resistance level for the pair, the short term technical indicators are showing an upside potential which will be confirmed if the pair manages to breach the 211.80s level, and the point at 208.71 seems to offer good demand for the pair.
| Support | 210.17 | 209.53 | 208.71 | 208.25 | 207.70 |
| Resistance | 210.80 | 211.26 | 211.80 | 212.45 | 213.09 |
Recommendation | ... | ||||
(EUR/JPY)
The Euro declined against the Yen, as the pair could not manage to progress its upside wave that it initiated at the end of last week, the short term technical indicators started showing an upside potential, yet we have to see the reversal on other lagging indicators such as the MACD, and the point at 155.61 seems to offer good demand for the pair.
| Support | 156.32 | 156.00 | 155.64 | 155.29 | 154.81 |
| Resistance | 156.65 | 156.87 | 157.35 | 157.67 | 157.98 |
Recommendation | ... | ||||
(EUR/GBP)
The Euro ended last week's trading loosing against the Pound, and breached the critical level at 0.7415 but climbed back above it, this level represents a strong demand for the pair and if it's breached the pair will initiate a downside wave, the technical indicators are showing an upside potential only if the 0.7415 level remains intact, the first target is set to be at the 0.7450s level.
| Support | 0.7415 | 0.7400 | 0.7390 | 0.7380 | 0.7365 |
| Resistance | 0.7425 | 0.7440 | 0.7450 | 0.7465 | 0.7480 |
Recommendation | ... | ||||
EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...
USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...
In this PDF you will find the latest technical analysis published by Forex Trends
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