Author: FX Tech Strategy

EURUSD: Having With EUR remains weak ,the key support to aim at lies at the 1.2441 level. With a breach of there opening the door for more declines towards the 1.2286 level. Below here if seen will resume its broader medium term...

USDJPY: The pair has failed to sustain its upside pressure and turned lower for a second day in a row. This leaves USDJPY targeting further weakness towards the 78.61 level. A turn below here will reverse its recovery tone to...

EURUSD: Having continued to hold to its downside bias triggered in the past week, the key support to aim at lies at the 1.2441 level. With a breach of there opening the door for more declines towards the 1.2286 level. Below here...

USDCHF: With our call for more upside on the back of the pair’s past week rally is panning out, there is risk of further strength targeting the 0.9655 level. A convincing violation of there will call for a run at its May...

GBPUSD: With GBP extending its weakness following its last week bear pressure, further downside momentum is likely in the days ahead. In such a case, the 1.5452 level, its Jun 12’2012 low will be targeted where a break...

USDJPY: The pair has taken out the 79.78 level, leaving the risk of further upside gains on the cards. The immediate risk points to the 80.52 level and subsequently its April 04’2012 high at 81.85. Further out, resistance...

EURUSD: Having closed lower for the week, EUR looks to weaken further in the new week. This is coming on the back of its inability to continue its corrective recovery. Downside risk is expected towards the 1.2441 level where a...

USDCHF: Having rallied strongly to halt its corrective pullbacks started from the 0.9768 level, the risk in the new week is for USDCHF to extend that gain. If this is seen, the 0.9649 level should be targeted where a violation...