EURUSD Analysis.
EURUSD’s downward movement from 1.3415 extends to as low as 1.3161. Further decline is still possible after a minor consolidation, and next target would be at 1.3100 area. Resistance is at 1.3300, only break above this level will suggest that the fall from 1.3415 had completed, then the following upward movement could bring price to test 1.3415 resistance.
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| Forex: eurusd technical analysis Friday, June 21, 2013 |
GBPUSD Analysis.
GBPUSD’s downward movement from 1.5751 extends to as low as 1.5415. Further decline is still possible after a minor consolidation, and next target would be at 1.5350 area. Resistance is at 1.5570, only break above this level could trigger another rise to test 1.5751 previous high resistance.
GBPUSD’s downward movement from 1.5751 extends to as low as 1.5415. Further decline is still possible after a minor consolidation, and next target would be at 1.5350 area. Resistance is at 1.5570, only break above this level could trigger another rise to test 1.5751 previous high resistance.
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| Forex: gbpusd technical analysis Friday, June 21, 2013 |
USDCHF Analysis.
USDCHF is forming a sideways movement in a range between 0.9130 and 0.9361. The price action in the range is likely consolidation of the downtrend from 0.9838. The sideways movement could be expected to continue in a couple of days. Key resistance is located at 0.9400, as long as this level holds, the downtrend could be expected to resume, and one more fall to 0.9000 would likely be seen after consolidation.
USDCHF is forming a sideways movement in a range between 0.9130 and 0.9361. The price action in the range is likely consolidation of the downtrend from 0.9838. The sideways movement could be expected to continue in a couple of days. Key resistance is located at 0.9400, as long as this level holds, the downtrend could be expected to resume, and one more fall to 0.9000 would likely be seen after consolidation.
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| Forex: usdchf technical analysis Friday, June 21, 2013 |
USDJPY Analysis.
USDJPY continues its upward movement from 93.79, and the rise extends to as high as 98.28. Further rise is still possible, and next target would be at 99.00 area. Support is at 96.00, only break below this level could trigger another fall to 92.00 zone.
USDJPY continues its upward movement from 93.79, and the rise extends to as high as 98.28. Further rise is still possible, and next target would be at 99.00 area. Support is at 96.00, only break below this level could trigger another fall to 92.00 zone.
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| Forex: usdjpy technical analysis Friday, June 21, 2013 |
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