EUR/USD
Resistance levels: 1.3855/1.3900/1.3950
Support levels: 1.3785/1.3750/1.3720
EUR/USD has reached new highs at 1.3833 earlier today No change in our view The bias remains positive as long as price is above 1.3750 first important Support for test of 1.3850-55 previous high area over the next trading sessions . On downside, first immediate Support comes around 1.3785-80 area ahead of 1.3750 crucial one. Look to buy agan on pullback for test of 1.3850-55 area and higher.
Strategy-neutral.
GBP/USD
Resistance levels: 2.0350/2.0400/2.0450
Support levels: 2.0230/2.0150/2.0100
GBP/USD has retested 2.0330 yesterday highs earlier today exactly as it was suggested . We have booked 65 pip profit over the first part of our Long position on Friday Unfortunately, the second part has been stopped at 2.0260 earlier today with another small 30 pip profit. The bias remains positive as long as price is above 2.0150 for retest of 2.0320-30 area and even 2.0400 in longer term First Resistance comes around 2.0330 top On downside, first important Support comes around 2.0230 Below may ease down down towards 2.0150 key one
Strategy-neutral.
USD/JPY
Resistance levels: 114.00/114.50/115.50
Support levels: 113.20/112.60/112.00
USD/JPY still ranged around 114.00 first Resistance over the last trading session. No change in our view. The bias remains negative in longer term for test of 112.00 and even 111.60 previous bottom. On the upside, as long as price is above 113.20 first Support further recovery towards 114.00 first Resistance and 114.50 may be seen over the next trading sessions . In longer term, however, a break above 114.50 is needed for reversal in the bias towards 117.10
Strategy-neutral.
USD/CHF
Resistance levels: 1.1900/1.1950/1.2000
Support levels: 1.1820/1.1750/1.1700
USD/CHF has fallen further below 11.1860 previous Support earlier today No change in our view. The bias remains negative for retest of 1.1817 key Support and previous bottom .A break below opens territory for further downmove towards 1.1750 and 1.1700 in longer term On the upside, first Resistance comes at 1.1895-1.1900 region. Beyond may squeeze price higher to 1.1950. Look to sell on pullback for test of 1.1817 and 1.1750
Strategy-neutral.
EUR/JPY
Resistance levels: 157.50/158.30/159.00
Support levels: 156.80/156.00/155.20
The Cross has tested 157.50 first important Resistance earlier today Beyond 157.50 may squeeze price higher to 158.30 over the next trading sessions.A break beyond 159.50-70 key Resistance area , however, signals resuming the uptrend towards 161.00 and 164.00 in longer term. On downside, first Support comes at 156.80 ahead of 156.00 stronger one. Trade from Long side for test of 158.30 and higher
Strategy-neutral.
By : Fxdream
