Author: FX Tech Strategy

EURUSD: Faces Downside Pressure. EURUSD: A second day of weakness saw the pair following through lower on its marginal losses the past week and leaves risk for further downside. It is presently trading below its last week low at...

EURUSD: With a failure to hold on to its intra day losses sending the pair higher to close at 1.2305 on Wednesday, price exhaustion following its decline off the 1.2466 level, its Jun 21’10 high may have set in. On a...

EURUSD: Outlook for the pair remains higher as it looks to convincing break and hold above its Jun 01’10 high at 1.2353.  A decisive cut through there will clear the way for a further run at the 1.2451 level, its May...

GBPUSD: Pressured To The Upside On Recovery. GBPUSD: Corrective recovery momentum continues to shape up as the pair now eyes further strength towards the 1.4768 level, its Jun 02’10 high. As long as GBP trades and holds...

  GBPJPY:  Headed Towards The 134.78/136.03. GBPJPY:  As a recovery momentum continues to build up pushing the cross through its minor resistance at 133.22 today, risk of further strength now targets the 134.78...

  USDJPY: Looks To Build On Corrective Recovery. USDJPY: Though still vulnerable to the downside, USDJPY put in its first positive weekly close since collapsing off the 94.97 level the past week. If a follow-through higher...

EURUSD: Threatens A Recapture Of The 1.2142 Level.  EURUSD: EUR remains on the defensive extending its Monday weakness and eyeing a retarget of its 2010 low at 1.2142 in early trading today. We expect that level to provide...

  GBPUSD:  Shapes Up For Corrective Recovery. GBPUSD: The pair closed slightly lower on Thursday after printing a 2010 low at 1.4226 and failing to sustain it. This development continues to suggest that GBP could be...

EURUSD: Corrective Recovery On The Cards. EURUSD: The pair reversed its entire Tuesday losses on Wednesday to close higher at 1.2430. Although upside attempts are being rebuffed by the bears, as long as the pair can hold above...

GBPUSD: The pair continues to face bear pressure triggered off the 1.5389 level, its April 30’10 high as it now eyes a retarget of its range low at the 1.5127/25 levels, its April 06/28’10 lows. That zone is very...