Technical Analysis: AUD/USD, EUR/JPY, EUR/USD, GBP/JPY
Panayiotis Miltiadous | Feb 24, 2015 05:52AM ET
*All the charts are 30M charts with daily pivot points.
AUD/USD
Market Scenario 1: Long positions above 0.7810 with targets @ 0.7905 and 0.7876.
Market Scenario 2: Short positions below 0.7810 with targets @ 0.7744 and 0.7707.
Comment: The pair faces some weakness as the market awaits Yellen.
Supports and Resistances:
R3 0.7905
R2 0.7876
R1 0.7839
PP 0.7810
S1 0.7773
S2 0.7744
S3 0.7707
EUR/JPY
Market Scenario 1: Long positions above 134.91 with targets @ 135.38 and 136.11.
Market Scenario 2: Short positions below 134.91 with targets @ 134.18 and 133.71.
Comment: The pair capped at 5-DMA after the German releases.
Supports and Resistances:
R3 136.58
R2 136.11
R1 135.38
PP 134.91
S1 134.18
S2 133.71
S3 132.98
EUR/USD
Market Scenario 1: Long positions above 1.1341 with targets @ 1.1388 and 1.1442.
Market Scenario 2: Short positions below 1.1341 with targets @ 1.1287 and 1.1240.
Comment: The pair remained steady after German GDP data.
Supports and Resistances:
R3 1.1489
R2 1.1442
R1 1.1388
PP 1.1341
S1 1.1287
S2 1.1240
S3 1.1186
GBP/JPY
Get The News You Want
Market Scenario 1: Long positions above 183.40 with targets @ 184.81 and 185.62.
Market Scenario 2: Short positions below 183.40 with targets @ 182.80 and 181.99.
Comment: The pair extended gains from the previous Asian session and it’s advancing gradually.
Supports and Resistances:
R3 185.62
R2 184.81
R1 184.21
PP 183.40
S1 182.80
S2 181.99
S3 181.39
GBP/USD
Market Scenario 1: Long positions above 1.5420 with targets @ 1.5509 and 1.5562.
Market Scenario 2: Short positions below 1.5420 with targets @ 1.5367 and 1.5278.
Comment: The pair remains unchanged and awaits for Governor Carney’s testimony.
Supports and Resistances:
R3 1.5651
R2 1.5562
R1 1.5509
PP 1.5420
S1 1.5367
S2 1.5278
S3 1.5225
USD/JPY
Market Scenario 1: Long positions above 118.96 with targets @ 119.58 and 119.81.
Market Scenario 2: Short positions below 118.96 with targets @ 118.57 and 118.34.
Comment: The pair advanced above 119.00.
Supports and Resistances:
R3 119.81
R2 119.58
R1 119.19
PP 118.96
S1 118.57
S2 118.34
S3 117.95
GOLD
Market Scenario 1: Long positions above 1200.57 with targets @ 1210.54 and 1220.27.
Market Scenario 2: Short positions below 1200.57 with targets @ 1190.84 and 1180.87.
Comment: Gold prices fell after the deal for Greece’s debt.
Supports and Resistances:
R3 1230.24
R2 1220.27
R1 1210.54
PP 1200.57
S1 1190.84
S2 1180.87
S3 1171.14
CRUDE OIL
Market Scenario 1: Long positions above 49.70 with targets @ 50.73 and 52.02.
Market Scenario 2: Short positions below 49.70 with targets @ 48.41 and 47.38.
Comment: Crude oil prices are in consolidation mode at Chart barriers.
Supports and Resistances:
R3 53.05
R2 52.02
R1 50.73
PP 49.70
S1 48.41
S2 47.38
S3 46.09
USD/RUB
Market Scenario 1: Long positions above 63.3000 with targets @ 65.1000 and 66.4000.
Market Scenario 2: Short positions below 63.3000 with targets @ 60.2000 and 58.9000.
Comment: The pair plunged after a holiday.
Supports and Resistances:
R3 68.2000
R2 66.4000
R1 65.1000
PP 63.3000
S1 62.0000
S2 60.2000
S3 58.9000
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