Author: FX Tech Strategy

AUDUSD: With a sharp rally seeing AUDUSD triggering a full blown corrective recovery on Tuesday, we expect a continuation of that move in today’s trading session. This was seen building up as at the time of this analysis...

EURUSD: The pair has triggered a corrective recovery but as long as that happens below the 1.3212 and 1.3144 levels, risk remains lower in the medium term. This leaves the possibility of a return to the 1.2945 level on the cards...

USDJPY: Vulnerable, Long Term Risk Points To The Downside.USDJPY: While USDJPY continues to hold below the 78.18 level, risk of a return to the 76.57 level remains a possibility. If this occurs, the 75.57 level, its...

GBPJPY – While GBPJPY may be on its second day of upside recovery, it must break and hold above the 122.66 level to create scope for further upside gains. In such a case, the 123.14 level, its Nov 15’2011 high will...

EURGBP- Having sold off through the 0.8373 level on continued bearish momentum during early morning trading today, the immediate risk is for EURGBP to convincingly break the 0.8355 level, its Feb’2011 low. This development...

EURGBP- With EURGBP breaking and holding below its key support at the 0.8485 level, its Nov’2011 low the past week and maintaining its overall medium term weakness, further bearish momentum is expected. In such a case, the...

AUDUSD: With a reversal of its Friday weakness now underway, AUDUSD could be building up further downside pressure towards its key support at the 0.9861 level, its Dec 15’2011 low. On continued weakness through that level,...

GBPUSD: The pair is now seen taking back some of its two-day gains following a lower weekly close the past week. This development has opened the door for more declines towards the 1.5424/10 levels where a violation will target...

EURJPY-As EURJPY continues to hold on to its long term downtrend, it now looks to recapture its key support at the 100.75 level, representing its Oct’2011 low. A clearance of there will resume its long term downtrend...