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GBPUSD Recovery Threats Remain Towards 1.2249 Level

GBPUSD recovery threats remain towards 1.2249 level as we expect more strength in the days ahead. Support comes in at 1.2150 with a turn below that level shifting focus to the 1.2100 level. Further down, support resides at the 1.2050 level where a break will turn attention to the 1.2000 level. Further down, support lies at the 1.1950 level. On the upside, resistance

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EURUSD Targets Immediate Resistance At 1.1161 Level

EURUSD targets immediate resistance at 1.1161 level as we enter the new week. Support comes in at the 1.1050 where a violation will turn risk to the 1.1000 level. A break below here will target the 1.0950 level. Further down, support sits at the 1.0900. Conversely, on the upside, resistance resides at 1.1150 level with a break through there opening the door for

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EURUSD Faces Further Bearish Pressure Extension

EURUSD faces further bearish pressure extension as its eyes more weakness. Support comes in at the 1.1000 where a violation will turn risk to the 1.0950 level. A break below here will target the 1.0900 level. Further down, support sits at the 1.0850. Conversely, on the upside, resistance resides at 1.1100 upside, resistance resides at 1.1100 level with a break through there opening

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NZDUSD Retains Short Term Weakness

NZDUSD retains short term weakness as it declined further during Tuesday trading session. Resistance comes in at the 0.6650 level where a break will turn attention to the 0.6700 level. A break of here will have to happen to create scope for a move higher towards the 0.6750 level. Further out, resistance resides at the 0.6800 level. Support stands at the 0.6550 level.

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EURUSD Threatens Further Bearishness

EURUSD threatens further bearishness as we look for more decline in the new week. Support comes in at the 1.1100 where a violation will turn risk to the 1.1050 level. A break below here will target the 1.1000 level. Further down, support sits at the 1.0950. Conversely, on the upside, resistance resides at 1.1150 level with a break through there opening the door

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USDCHF Takes Back Two Weeks Losses

USDCHF retains its upside pressure as it took back its two-weeks looses to close higher on Friday. Resistance resides at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Its weekly RSI is bullish and pointing higher suggesting further gain. On the downside, support is seen at

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EURJPY Bounces Off Lower Prices

EURJPY bounces off lower prices to close higher on Thursday. This has opened the door for more strength in the days ahead. On the downside, support comes in at the 120.50 level where a break if seen will aim at the 120.00 level. A cut through here will turn focus to the 119.50 level and possibly lower towards the 119.00 level. On the

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AUDUSD Looks To Weaken Towards 0.6900 Zone

AUDUSD looks to weaken further towards 0.6900 as it retains its downside pressure. On the downside, resistance lies at the 1.6900 level. A cut through here will turn attention to the 0.6850 level and then the 0.6800 level where a violation will set the stage for a retarget of the 0.6750 level. Its daily RSI is bearish and pointing lower suggesting more weakness.

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