Author: FX Tech Strategy

USDJPY: Having declined the past week to reverse most its previous week gains, the risk is for it to target the 77.88/66 levels looms. A violation of here will aim at the 77.00 level, its psycho level. Below here will call for...

AUDUSD: The pair remains vulnerable to the downside on corrective pullback as it closed lower for the week. This development now leaves AUDUSD vulnerable to the downside towards the 1.0327 level. As long as this caps declines,...

EURUSD: With EUR following through higher on the back of its previous week gains to break and hold above the 1.2442 level, it faces the risk of further bullish offensive into the new week. In such a case, the 1.2588 level comes...

EURGBP: Key Resistance Seen At The 0.7961 Level.EURGBP- The cross remains hesitant as it continues to struggle to recover higher. Unless it climbs back above the 0.7961 level, there is risk of a return to the 0.7761 level,...

AUDUSD: Having reversed its three-day gains following a sell off on Thursday and a follow-through today, the risk of further declines continues to build up. The immediate support lies at the 1.0380 level with a breach aiming at...

USDJPY: With the pair’s recovery failing and seeing it selling off for a third day in a row on Wednesday, risk of a return to its key support is envisaged. In such a case, the 77.88/66 levels will be targeted where a...

EURJPY- Though hesitating, as long as EURJPY holds above the 97.80 level, the risk is for it to strengthen further towards the 99.07 level, its July 06’2012 high. This is coming on the back of its bullish corrective...

EURUSD: With EUR turning above the 1.2442 level, it now faces the risk of further bullish offensive. Further out, resistance lies at the 1.2482 level, its .618 Fib Ret where a breach will aim at the 1.2539 level. Its daily RSI...

USDJPY: Biased To The Upside Above The 78.66/76 Levels.USDJPY: Although seen backing off higher level prices, as long as its broken resistance at 78.66/73 levels hold as support, the risk remains higher. In such a case, the...