ICN.com | Jul 02, 2015 07:14AM ET
EUR/USD
EUR/USD has moved to the downside and is currently trading around 1.1055-61.8% Fib.- as planned.
The bearishness remains favored as far as moving averages hold and moving below 1.1055 will ease the path towards 1.0950 and 1.0990.
Support: 1.1050-1.1000-1.0950
Resistance: 1.1100-1.1125-1.1200
USD/JPY
The USD/JPY has moved upwards as discussed in our technical updates. USD/JPY is presently moving above SMA20 as seen on the daily graph.
More upside actions to be witnessed , supported by RSI moving above 50.00.
A break above 123.70 will accelerate the awaited bullish wave.
Support: 123.10-122.70-122.45
Resistance: 123.70-124.15-125.00
Direction: Up
USD/CHF
The USD/CHF pair has moved sharply to the upside after hitting the key resistance-turned into support- at 0.9425.
Our yesterday’s proposed long position –recommended for subscribers- is still in play and we believe that the USDCHF will continue to inch higher.
The path is cleared towards 0.9540 following the aforesaid breakout, but on the other side coming below 0.9385 will give rational reason for concern.
Support: 0.9450-0.9425-0.9385
Resistance: 0.9500-0.9540-0.9590
Direction: Up
GBP/USD
Sterling has declined, reaching all previous proposed technical targets and it is currently nearing the second objective of 1.5600.
Technical indicators remain negative, while GBPUSD approaches the main support of the bullish channel.
Stability below 1.5650 is required to maintain levels around 1.5560 and 1.5475.
Support: 1.5600-1.5560-1.5470
Resistance: 1.5650-1.5710-1.5755
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.