Author: FX Tech Strategy

GBPUSD: With the pair reversing its intra-day gains to close lower on Wednesday and following through lower during Thursday trading session, the risk is for GBP to weaken further. In such a case, the 1.5401 level, its Jun...

CRUDE OIL: While a recovery is now in place, Crude Oil continues to hold on to its broader medium term downtrend. This leaves the possibility of a return to the 77.28 level on the cards. A breach of here will extend further...

EURUSD: While the pair continues to trade and hold below the 1.2286 level and the 1.2407 level, the risk of further declines is expected. This will expose the 1.2200 level where a breach will set the stage for a run at the...

EURJPY- The cross has pushed below its range bottom at the 98.31 level, suggesting further declines. This now leaves the risk of a return to the 97.03 level on the cards. Further down, its Jun’2012 low at 95.58 level comes...

USDCHF: With the pair continuing to hold on to its upside bias, we look for more strength to occur. Further out, on continued strength the pair will aim at the 0.9850 level and possibly extending towards the 0.9932 level, its...

EURGBP- With EURGBP extending its downside weakness the past week and remaining vulnerable below its broken support turned resistance at the 0.7949 level, there is likelihood of further declines. This if seen will pave the way...

GBPUSD: Having reversed its previous week gains to close lower for the week, further declines are likely. This if seen will target the 1.5452 level where a break will aim at its Jun 2012 low at the 1.5266 level. Below here will...

EURGBP- With a strong weakness seeing EURGBP extending its downside on Friday and pushing through its key support at the 0.7949 level to close the week lower, there is likelihood of further declines in the days ahead. This if...