Forex technical analysis: What does the EURUSD technicals say America the volatile moves?
Since then the pair has rebounded back higher & even took out the Asian high (high reached 1.18079).
So going forward, earmark the 1.1716-24 as a key standard this week.
That was near late Friday highs however below which key 50% standard at 1.1822.
The sellers are leaning against which 50% level.
However, on a retest of the key ambit below, going to necessity to see a break & run to give sellers further comfort.
Forex technical analysis: GBPJPY ping pongs from backing to resistance
Moving into cluster of resistance area…
Buyers leaned against the double backing area.
This 1 Information Systems defined with a downward sloping trend line at 149.15 currently, & the 200 bar MA on the 4-hour map at 149.112.
So the fall stalled at key backing & the rally stalled at a key resistance area.
The 1st aim would be the 38.2% at 149.26, followed with the 200 bar MA on the 4-hour map & another trend line at 149.378.
Forex technical analysis: GBPUSD Information Systems higher however remembers in a range…
It was right on the swing high from October 26th.
That peak against a prior swing high Information Systems a bit of a setback for the bulls.
The value remembers below a topside trend line at 1.3302, & the peaks over the final seven weeks at 1.3320 & 1.33372.
What saves the pair further bullish is:the value Information Systems higher on the day.
Drilling to the 5-minute map today, the value took out swing standards from Friday afternoon & the early Asian session at 1.32216 ambit (bullish).
collected by :kiven Dixter