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The Pound/Yen pair and just as expected continued its bearish movement yesterday, reaching to a very strong support and a trend line at 223.50, if this line is penetrated even the long term upside trend will be penetrated, so look today to buy dips around that level.
Support | 224.35 | 223.91 | 223.51 | 222.90 | 222.35 |
Resistance | 225.10 | 225.35 | 225.90 | 226.45 | 227.10 |
Recommendation | ... |
(EUR/JPY)
The Euro pair is still stuck in a very thin range, still marinating the upside trend over the medium to long term trends, yet over the short term it looks neutral with more of a bearish tendency, yet target are really tied. The level 163.09 looks like a good supply point, while 162.10 offer a good demand.
Support | 162.25 | 162.10 | 161.85 | 161.25 | 160.90 |
Resistance | 162.65 | 163.09 | 163.55 | 163.89 | 164.74 |
Recommendation | ... |
(EUR/GBP)
The Euro is still climbing against the pound as we expected, recording a new all time high at 0.7248 so far, and heading solidly towards the 0.7300 area, where demand today is seen around the 0.7225 levels.
Support | 0.7237 | 0.7225 | 0.7210 | 0.7184 | 0.7170 |
Resistance | 0.7250 | 0.7274 | 0.7295 | 0.7300 | 0.7305 |
Recommendation | ... |
EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...
USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...
In this PDF you will find the latest technical analysis published by Forex Trends
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