Forex Trading Signals : Tuesday, July 2, 2013 | eurusd gbpusd usdchf usdjpy

EUR/USD: Neutral Trend
Trading range: 1.3040-1.3115
Buy at :1.3054
Stop Loss: 1.3022
Take Profit: 1.3104

GBP/USD: Neutral Trend
Trading range: 1.5180-1.5260
Buy at :1.5192
Stop Loss: 1.5160
Take Profit: 1.5247

USD/JPY: Neutral Trend
Trading range: 99.45-100.10
Buy at :99.55
Stop Loss: 99.23
Take Profit: 100.00

USD/CHF: Neutral Trend
Trading range: 0.9480-0.9410
Sell at :0.9466
Stop Loss: 0.9498
Take Profit: 0.9416

Forex Technical Analysis: Tuesday, July 2, 2013 : eurusd gbpusd usdchf usdjpy

EURUSD Analysis. 
EURUSD stays in a trading range between 1.2985 and 1.3102. Key resistance is at 1.3102, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.3415, one more fall to 1.2900 area is still possible after consolidation. On the upside, a break above 1.3102 resistance could signal completion of the downtrend from 1.3415, then the following upward movement could bring price back towards 1.3600.

Forex: eurusd technical analysis Tuesday, July 2, 2013

GBPUSD Analysis.
GBPUSD remains in downtrend from 1.5751, and the fall extends to 1.5165. Further decline is still possible after a minor consolidation, and next target would be at 1.5100 area. Resistance is at 1.5280, as long as this level holds, the downtrend will continue.

Forex: gbpusd technical analysis Tuesday, July 2, 2013

USDCHF Analysis.
USDCHF’s upward movement from 0.9130 extends to as high as 0.9503. Further rise is still possible, and next target would be at 0.9550 area. Support is at 0.9400, only break below this level could signal completion of the uptrend.

Forex: usdchf technical analysis Tuesday, July 2, 2013

USDJPY Analysis.
USDJPY’s upward movement from 93.79 extends to as high as 99.85. Further rise could be expected, and next target would be at 100.50 area. Support is at 97.70, only break below this level could signal completion of the uptrend.

Forex: usdjpy technical analysis Tuesday, July 2, 2013