Currency Pair Daily Forecasts

EUR/USD Daily Technical Reports

Price is supported ahead of the 1.4130 10-day MA and the pair is bouncing intraday in line with rebounding hourly studies from oversold levels. The daily trend studies are overboughtbut showing some signs of rolling over. Aggressive players can continue to buy dips. Below the 10-day changes

USD/JPY Daily Technical Reports

A brief bout of corrective weakness having been taken long in the 115.90"s. We have set a decent stop and as such look for the underlying intraday trend to reasert itself. A look at the daily chart highlights the hurdle facing our trade with a resistance line now coming in right on the 115.90 entry point. We need to see a clear break and close above 116.00.

GBP/USD Daily Technical Reports

Rallying again and making fresh session highs above 2.0345. Hourly studies are still bullish and there is scope for further gaining action near term. Today"s close is key to confirm a harami/Doji signal on the candles. That said price action has been whippy of late but until 2.0220 is breached continue to favor the underlying uptrend

USD/CHF Daily Technical Reports

Short trades were stopped out as the rally broke 1.1740. However hourly trend studies are now overbought and 1.1780 has capped the topside. Daily trend studies are showing the first signs of a bounce and we will consider long trades on intraday dips.

By: Finotec Group Inc.

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