Author: FX Tech Strategy

USDJPY: The bulls took control on Monday rallying through its key resistance at the 77.40/85 levels, its Aug 04’2011/falling trendline to test a high of 79.49. This development has brought USDJPY out of its consolidation...

EURUSD: While the pair may be holding on to some of its recovery gains, its inability to strengthen further leading to a price sell-off today suggests further declines is likely in the days ahead. With a reversal of its past...

GBPJPY – With GBPJPY breaking through the 123.27 level, its Aug 10′ 2011 low and the 122.61 level, its Oct 17’2011 high, risk of further strength is expected. In such a case, its Aug 22’2011 high at...

USDCHF: The pair closed lower for a third week in row the past week, opening the door for more declines in the new week. USDCHF broke through the 0.8706 level, its Sept 20’2011 low and its Sept 15’2011 low at 0.8647...

GBPUSD: The pair increased its bull pressure and broke its Sept 08’2011 high at 1.6079 level to close higher at 1.6126 the past week. A turn above here in the new week will call for a run at the 1.6204 level, its Sept...

EURUSD: Having decisively broken through the 1.3937 level, its Sept 15’2011 low, EUR is going into the new week bullish and targeting further upside gains. This leaves the 1.4283 level, its Sept 06’2011 high as the...

USDCHF: The pair closed lower for a third week in row the past week, opening the door for more declines in the new week. USDCHF broke through the 0.8706 level, its Sept 20’2011 low and its Sept 15’2011 low at 0.8647...

USDCHF: With USDCHF breaking through the 0.8706 level, its Sept 20’2011 low and its Sept 15’2011 low at 0.8647 on Thursday, further bear pressure is expected to follow in the days. This technical development has...

USDCAD: With a sell-off through its Oct 25’2011 low at 0.9989 level and its daily 200 ema seen on Thursday seen, further downside pressure is now build up. In such a case, the 0.9765 level, its Aug 09’2011 low should...