USDJPY Forecast August 26, 2014, Technical Analysis
The USDJPY pair fell during the course of the day after initially gapping higher on Monday.
The USDJPY pair fell during the course of the day after initially gapping higher on Monday.
The EURUSD pair fell during the course of the day on Monday, continuing to show a bit of a downtrend, and consolidating in this general vicinity.
The GBPUSD pair rose slightly during the session on Monday, but found the 1.68 level resistive. This was an area of support previously, so the fact that we did not break above there is in fact interesting.
The AUDUSD pair fell during the course of the day on Monday, but not significantly so.
EURUSD is facing 1.3444 resistance, as long as this level holds, the price action in the trading range between 1.3333 and 1.3444
The EURUSD pair initially fell during the day on Thursday, but as you can see found support at roughly the same place it did during the Wednesday session.
The USDJPY pair initially tried to rally during the session on Thursday, but as you can see fell back down as we continue to bang around the 102 level.
The EURUSD pair fell during the bulk of the session on Tuesday, but found enough support just above the 1.3325 level in order to bounce and form a nice-looking hammer.
The AUDUSD pair rose during the course of the day on Wednesday, breaking above the 0.9350 handle.
The EURUSD pair initially fell during the course of the day on Monday, but as you can see we bounced slightly in order to form a bit of a hammer.