Technical Summary for Majors |
|
EURUSD Maintains negative tone, with 1.2751 lower top capping and the break under 1.2662, 24 Feb low, to open 1.2557 first, then 1.2392, 2008 low, posted 28.Oct. Res: 1.2700, 1.2755, 1.2784, 1.2811 Sup: 1.2602, 1.2557, 1.2513, 1.2423 GBPUSD Stalled near 1.4375, 24 Feb low, retracing over 61.8% of the 1.4161/1.4385 recovery, ahead of fresh relapse, warning of a challenge on 1.4092 and then 1.4052. Res: 1.4317, 1.4375, 1.4385, 1.4430 Sup: 1.4092, 1.4068, 1.4052, 1.4029 USDJPY Continues to Read More...
Filed under: Technical
Latest Posts
- What I See in FX Market
- T-Bonds and Gold Signal Impending Stock Market Break
- Weak Outlook for U.S. Economy Pressure Dollar
- Weakness Stays With Greenback; Yen Might Start Sliding as well
- US GDP and a Preview of Next Week’s US Releases
- Comprehensive FX and Futures Daily Commentary
- Weak Japanese Economic Data encourages Shedding of Risk
- Economic Indicators Review
- Forex - Chart USD/MXN Update: Consolidation starting to crumble
- 08/01/2010 - The Dollar is on the ropes, again
- Spain: Labour force, employment and unemployment - July 2010
- The Second Quarter Ended on a Soft Note
- Intuition and Trading
- Mixed data slows market enthusiasm
- A HEART-TO-HEART TALK