EURUSD, DAILY TECHNICAL ANALYSIS

The pair is congesting in a descending triangle marked by trendlines S and R after retest of broken trendline  support marked X which is now  a strong resistance zone. If the pair moves and closes above R then the trendline X zone will be the target.  The movements within the triangle show a large bearish bias, but this can only be confirmed by break and close below trendline Support marked S. The first target will be the previous lows in a support zone around 1.0633 marked by T.

TECHNICAL ANALYSIS

NZDJPY Hourly

68 PIP SELL

The pair is in a large resistance zone but confirmation of the short is break and close below the horizontal line marked R around 76.538.
First target is on the 0.0 Fib retracement as shown in the fig below

WHAT HAPPENED

ANALYSIS RESULTS

GBPJPY WEEKLY

 The pair is about to hit our projected Take profit as discussed in the previous article.

  BEFORE

AFTER

USDJPY DAILY

The pair reacted as we had discussed in the PREVIOUS ARTICLE

BEFORE

AFTER

GBPAUD DAILY

The pair hit our targets as DISCUSSED

BEFORE

AFTER

EURGBP 180 PIP MOVE 

4 HOUR CHART TECHNICAL ANALYSIS

The 180 pip move will be confirmed by the break and close below the trendline marked A. The first support zone will be around 0.72794 marked by T1, then reaction on that support area will confirm the completion of the 180 pip move into the 072088 support level, which is the zone of the monthly blue trend line on the  figure below as a retest of the broken monthly trend line.

GBPJPY TECHNICAL ANALYSIS

WEEKLY

The weekly trend is now moving slowly upwards in tight channel with a large bearish bias. The rounding marked by Z increases the bearish bias indicating a high probability of another swing down into the large weekly and monthly support around 175.41. But this can only be confirmed by a break and close below trendline marked X.

USDJPY TECHNICAL ANALYSIS

DAILY

There is a possibility of retest of monthly highs and even making higher highs around 127.327 resistance zone but change in the momentum on the monthly chart puts a lot of downward pressure.
On the daily, there is still for chance for another upward swing but a close below 122.735 support zone marked by Z may lead to selling up to around the 120.702 support zone marked by Y. 

GBPAUD TECHNICAL ANALYSIS

DAILY

The pair is now channeling upwards with strong down side pushes after break of the major trend. Break of the of the support trendline Y will land it into an immediate support zone around 2.11867 and break of that will lead to retest of the daily lows around 2.09658. The 2.13573 is strong daily support therefore wait for a break and close of the candle below the zone.