USDJPY Daily Analysis – December 23, 2014
USDJPY remains in short term uptrend from 115.56, further rise to test 121.84 resistance could be expected,
USDJPY remains in short term uptrend from 115.56, further rise to test 121.84 resistance could be expected,
GBPUSD is facing 1.5541 support again, a breakdown below this level will signal resumption of the downtrend
EURUSD remains in downtrend from 1.2569, and the fall extended to as low as 1.2216.
The AUDUSD pair fell during the session on Monday, but we remain within the consolidation area that we have been stuck in.
EURUSD broke below 1.2247 support indicating that the downtrend from 1.2886 (Oct 15 high) has resumed.
AUDUSD remains in downtrend from 0.8794.
EURUSD is facing 1.2247 support, a breakdown below this level will signal resumption of the downtrend from 1.2867 (Oct 15 high), then next target would be at 1.2000 area.
The AUDUSD pair as you can see initially went higher during the course of the session on Thursday,
EURUSD moved sideways in a trading range between 1.2247 and 1.2599.
The AUDUSD pair originally broke higher during the session on Tuesday, but as you can see the sellers step back in and started pushing the market down at the 0.8250 level.