Author: FX Tech Strategy

  GBPUSD: Set To Break And Hold Above The 1.5521 Level.  GBPUSD: With a continuation of its Friday rally presently seen, GBP is now poised to strengthen further and recapture its resistance at the 1.5521 level established on...

  EURJPY has two technical advantages in its favour as it closed on a positive note the past week after reversing its Wednesday and Thursday losses on Friday. This development has confirmed how important the 123.41/13 levels,...

USDJPY: Bull Pressure Puts Risk At The 94.76 Level. USDJPY: Having maintained a positive tone on Thursday and broken through the 93.77 level, its April’09 high today, we are likely to see a continuation of that move towards the...

  AUDUSD: The pair may be backing off higher prices in the immediate term but continues to hold its bullish outlook in the medium-term. This development leaves directional triggers for the resumption of that trend at the 0.9387...

  EURUSD: As downside pressure continues to mount on the pair, risk of a retest of the 1.3280 level, its April 08’10 low and the 1.3266 level, its 2010 low is likely. This is coming on the heels of  a loss of momentum at the...

  USDJPY: With a second day of strength underway, risk exists towards the 93.74 level, its Jan 07’10 high. A convincing break of that level will allow the pair head further higher towards the 94.76 level, its 2010 high and then...

AUDUSD: The pair is on its second day of upside offensive following a recovery off the 0.9155 level on Monday. With that said, further strength is likely towards the 0.9387 level, its Jan 14’10 high with a cut through there...

  GBPUSD: The pair turned off ahead of its key support at the 1.5127 level following a reversal of its intra day losses to close higher on Thursday. With that achieved, we now expect a build up on those gains to push GBPUSD...

  USDCAD- The pair is on the offensive following its two-day of recovery started at the 0.9961 level, its April 15’10 low. With USDCAD failing to hold below its parity level leading to the present recovery, we are likely to see...

  EURUSD: While the pair maintains its broader medium term bearishness following its weakness triggered off the 1.5143 level, a recovery activated from its 2010 low at 1.3266 has halted the said trend and pushed it to a high of...