EURUSD Analysis.
EURUSD continues its downward movement from 1.3102, and the fall extends to as low as 1.2756. Further decline is still possible and next target would be at 1.2700 area. Resistance is now located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal consolidation of the downtrend.
GBPUSD Analysis.
GBPUSD continues its downward movement from 1.5304, and the fall extends to as low as 1.4813. Further decline is still possible and next target would be at 1.4700 area. Key resistance is at 1.4980, only break above this level could signal completion of the downtrend.
USDCHF Analysis.
USDCHF’s upward movement from 0.9130 extends to as high as 0.9751. Further rise could be expected after a minor consolidation, and next target would be at 0.9800 area. Initial support is at 0.9680, and the key support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend will continue.
USDJPY Analysis.
USDJPY is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will indicate that consolidation of the uptrend is underway, then pullback to 99.50 – 100.00 area to complete the consolidation could be seen. On the upside, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 102.50 area.
EURUSD continues its downward movement from 1.3102, and the fall extends to as low as 1.2756. Further decline is still possible and next target would be at 1.2700 area. Resistance is now located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal consolidation of the downtrend.
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| Forex: eurusd technical analysis Wednesday, July 10, 2013 |
GBPUSD Analysis.
GBPUSD continues its downward movement from 1.5304, and the fall extends to as low as 1.4813. Further decline is still possible and next target would be at 1.4700 area. Key resistance is at 1.4980, only break above this level could signal completion of the downtrend.
 |
| Forex: gbpusd technical analysis Wednesday, July 10, 2013 |
USDCHF Analysis.
USDCHF’s upward movement from 0.9130 extends to as high as 0.9751. Further rise could be expected after a minor consolidation, and next target would be at 0.9800 area. Initial support is at 0.9680, and the key support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend will continue.
 |
| Forex: usdchf technical analysis Wednesday, July 10, 2013 |
USDJPY Analysis.
USDJPY is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will indicate that consolidation of the uptrend is underway, then pullback to 99.50 – 100.00 area to complete the consolidation could be seen. On the upside, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 102.50 area.
 |
| Forex: usdjpy technical analysis Wednesday, July 10, 2013 |
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