Author: FX Tech Strategy

GBPJPY – With bearishness extending for a second week in row the past week, GBPJPY now targets its key support at the 120.66 level, its Oct 26’2011 low. The cross has been under bear pressure since tumbling off the...

AUDUSD: Bearish price extension saw AUDUSD closing lower for a third consecutive week on Friday and paving the way for additional weakness in the new week. This development leaves the pair targeting the 0.9865 level,...

EURJPY- With vulnerability to the downside seen and a violation of the 104.74 level, its Oct 26’2011 low occurring on Wednesday, EURJPY now looks to return to its key support at the 102.72 level, its Oct 10’2011 low....

USDCAD: The immediate risk remains for the pair is to topple the 1.0264 level, its Nov 10’2011 high and the 1.0286 level, a level its now testing. A convincing break and hold above here will resume its corrective strength...

USDCAD: The immediate risk remains for the pair to topple the 1.0264 level, its Nov 10’2011 high and the 1.0286 level and then resume its corrective strength. This will pave the way for a run at the 1.0386 level, its Oct...

GBPUSD: With the pair breaking and holding below its key support at the 1.5874/50 zone on Tuesday and following through lower during Wednesday trading, further downside risk is likely in the days ahead. In such a case, the...

GBPJPY – Continued weakness has opened the door for further declines towards its key support at the 120.66 level, its Oct 26’2011 low. GBPJPY has been under bear pressure since tumbling off the 127.30 level on Oct...

EURJPY- With the cross violating the 104.74 level, its Oct 26’2011 low on the back of its Tuesday weakness, the stage is now set for further decline towards the 102.72 level, its Oct 10’2011 low. The cross has been...

EURUSD: The pair has reversed its Friday gains and now eyes a return to the 1.3482 level, its Nov 10’2011 low. Below here will annul its two-day recovery and resume its short term weakness towards its Oct 10’2011 low...