Author: FX Tech Strategy

EURUSD: Having violated the 1.3144/1.3212 levels, EUR remains vulnerable to the downside with eyes on further weakness. This leaves the broader risk to the downside targeting its long term support at the 1.2874 level. This is...

EURGBP- With EURGBP breaking and holding below its key support at the 0.8485 level, its Nov’2011 low the past week, further bearish momentum is expected in the week. In such a case, the 0.8355 level, its Feb’2011 low...

USDJPY: The pair continues to struggle to recover higher, turning off ahead of the 78.18 level on Thursday to close lower. However, USDJPY will have to break and hold below the 76.57 level to convince the market it has ended its...

USDCHF: Having cleared the 0.9503 level, its Feb 22’2011 high on Wednesday, USDCHF has paved the way for further strength. In such a case, further gains should build up towards the 0.9772 level, its Feb 11’2011 high....

AUDUSD: With AUDUSD maintaining its downside momentum and breaking below the 1.0000 level and its Nov 30’2011 low at 0.9942 level during Wednesday trading session, further bearishness is expected in the days ahead. This...

EURJPY-The cross sold off further on Tuesday taking out its key support at the 102.47 level, its Dec 11’2011 low to close lower at 101.59. This leaves the risk of a return to the 100.75 level, its Oct’2011 low on the...

GBPUSD: With the pair following through lower on the back of its Monday weakness, risk of further declines is now building up towards the 1.5424 level, its Nov 25’2011 low. On further bearish momentum, GBP should weaken...

GBPJPY – We remain bearish on GBPJPY unless the cross returns above the 122.66 level. On further declines, its Nov 28’2011 low at 119.92 level will be targeted where a violation of there calling for further declines...

EURUSD: Having sold off through its key support at the 1.3212 level, its Nov 25’2011 low on Monday, risk of further weakness is now developing towards the 1.3144 level, its Oct’2011 low. EUR has been under pressure...