Author: FX Tech Strategy

GBPUSD: A third day of bullish build up saw GBP closing higher on Tuesday suggesting further gains could target 1.5720 level, its July 02’2012 high. A breach will expose the 1.5774/78 levels. Beware of this zone as it...

AUDUSD: A rally through the 1.0279 level during Tuesday trading has opened up further upside risk towards the 1.0327 level. On a break of this level, further strength should build up towards its psycho level at 1.0400 where a...

GBPUSD: A third day of bullish build up is underway suggesting further gains could target 1.5720 level. Above here if it materializes will expose the 1.5774/78 levels. Beware of this zone as it harbors its Jun 20’2012 high...

EURGBP- The cross extended its downside pressure during Monday trading session today opening the door for additional weakness. On continued weakness, EURGBP will aim at the 0.7806 level, its Oct 26’2008 low where a...

USDJPY: The pair is biased to the downside on further correction as it continues to decline following its past week’s losses. In such a case, its key support zone at the 78.78 level will be targeted initially where a...

EURJPY- With continued downside momentum in place, the risk is for EURJPY to weaken further towards the 95.58 level. Further down, support comes in at the 94.00 level where a break will call for a move lower towards the 93.00...

EURUSD: Outlook on EUR continues to point lower as it is weak and vulnerable to the downside. The risk is for the pair to decline further towards the 1.2149 level, its Jun 27’2010 low. EUR may turn higher on testing this...

EURGBP- The cross extended its downside pressure the past week selling off strongly and paving the way for further declines to occur. In such a case, the 0.7806 level, its Oct 26’2008 low will come in as the next downside...

EURUSD: Bears Continue To Dominate Price Action.EURUSD: We maintain our broader downside bias on EUR as it remains weak and looks to extend further declines. Having continued to hold below the 1.2286 level and the 1.2407 level,...