Author: FX Tech Strategy

EURGBP- With continued bearishness culminating in a break and hold below its key support at 0.8485 levels, its Nov 11’2011 low during Monday trading, further bearish extension is expected in the days ahead. In such a case,...

GBPJPY – The cross closed flat after failing to follow through higher on its previous week gains at the end of the week. This suggests a return to the 119.35 level, its Nov 24’2011 low and its major support standing...

EURUSD: As EUR failed to follow through higher on the back of its previous week gains at the end of the week, further downside pressure is expected in the new week. This will leave the pair aiming at its key support at the...

USDCHF: The pair may have backed off the 0.9326 level and closed slightly lower the past week but continues to hold on its medium term bullish tone set from the 0.7068 level, its Aug 09’2011 low. This leaves the...

USDJPY: While the pair continues to hold on to its downside vulnerability, USDJPY will have to break and hold below the 76.57 level to convince the market it has ended its recent upside offensive. If this occurs, the 75.57...

AUDUSD: A follow through lower on its Thursday sell off is now underway as the pair remains weak and vulnerable to the downside following a break through its key support at the 1.0149 level. This leaves the risk of a return to...

EURGBP-The cross is now preparing to return to the 0.8485 level, its Nov 10’2011 high after seeing a strong sell off following a reversal of its intra day gains on Wednesday. A clearance of there (0.8485) will resume its...

EURUSD: The pair’s continued price hesitation suggests further downside risk. However, EUR will have to break and hold above the 1.3547/1.3611 zone to prevent a return to the 1.3212 level, its Nov 25’2011 low. This...

AUDUSD: We continue to retain our upside bias as AUDUSD looks to return to the 1.0330 level, its Nov 30’2011 high. A cut through here will leave the pair targeting the 1.0444 level, its Nov 03’2011 high followed by...

USDCHF: As the pair continues to maintain its recovery off the 0.9063 level, risk of a return to the 0.9326 level is likely in the days ahead. This leaves the possibility of returning to the 0.9400 level, its psycho level on the...