Sunday's Technical Analysis: AUD/USD, EUR/JPY, EUR/USD, GBP/JPY
Panayiotis Miltiadous | Jul 05, 2015 03:43AM ET
AUD/USD
Market Scenario 1: Long positions above 0.7595 with target @ 0.7625.
Market Scenario 2: Short positions below 0.7595 with target @ 0.7558.
Comment: The pair dropped sharply below support level 0.7595.
Supports and Resistances:
R3 0.7729
R2 0.7692
R1 0.7662
PP 0.7625
S1 0.7595
S2 0.7558
S3 0.7528
EUR/JPY
Market Scenario 1: Long positions above 136.44 with target @ 136.85.
Market Scenario 2: Short positions below 136.44 with target @ 135.98.
Comment: The pair trades steady above pivot point 136.44.
Supports and Resistances:
R3 137.72
R2 137.31
R1 136.85
PP 136.44
S1 135.98
S2 135.57
S3 135.11
EUR/USD
Market Scenario 1: Long positions above 1.1125 with target @ 1.1167.
Market Scenario 2: Short positions below 1.1078 with target @ 1.1036.
Comment: The pair rose above 1.1100 level as investors ignored a narrow ‘No’ vote lead shown by Bloomberg poll for Greek referendum.
Supports and Resistances:
R3 1.1214
R2 1.1167
R1 1.1125
PP 1.1078
S1 1.1036
S2 1.0989
S3 1.0947
GBP/JPY
Get The News You Want
Market Scenario 1: Long positions above 192.29 with target @ 192.67.
Market Scenario 2: Short positions below 192.29 with target @ 191.67.
Comment: The pair advances towards pivot point 192.29.
Supports and Resistances:
R3 193.67
R2 193.29
R1 192.67
PP 192.29
S1 191.67
S2 191.29
S3 190.67
GBP/USD
Market Scenario 1: Long positions above 1.5602 with target @ 1.5644.
Market Scenario 2: Short positions below 1.5602 with target @ 1.5566.
Comment: The pair trades unchanged above pivot point 1.5602.
Supports and Resistances:
R3 1.5722
R2 1.5680
R1 1.5644
PP 1.5602
S1 1.5566
S2 1.5524
S3 1.5488
USD/JPY
Market Scenario 1: Long positions above 123.23 with target @ 123.52.
Market Scenario 2: Short positions below 123.23 with target @ 122.76.
Comment: The pair is expected to trade flat near 123.00 level today, according to analysts.
Supports and Resistances:
R3 124.28
R2 123.99
R1 123.52
PP 123.23
S1 122.76
S2 122.47
S3 122.00
GOLD
Market Scenario 1: Long positions above 1171.00 with target @ 1176.80.
Market Scenario 2: Short positions below 1171.00 with target @ 1163.40.
Comment: Gold prices rose and they are approaching resistance level 1171.00.
Supports and Resistances:
R3 1184.40
R2 1176.80
R1 1171.00
PP 1163.40
S1 1157.60
S2 1150.00
S3 1144.20
CRUDE OIL
Market Scenario 1: Long positions above 56.98 with target @ 57.47.
Market Scenario 2: Short positions below 56.02 with target @ 55.53.
Comment: Crude oil prices trade neutral below 56.60 level.
Supports and Resistances:
R3 58.92
R2 58.43
R1 57.47
PP 56.98
S1 56.02
S2 55.53
S3 54.57
USD/RUB
Market Scenario 1: Long positions above 54.297 with target @ 55.326.
Market Scenario 2: Short positions below 54.297 with target @ 53.352.
Comment: The pair trades steady above 56.600 level.
Supports and Resistances:
R3 58.245
R2 56.271
R1 55.326
PP 54.297
S1 53.352
S2 52.323
S3 50.349
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