TechAnalysis for majors

Alextrader79 SG

Bulls prevail on the USD/JPY pair since the beginning of the week. I expect the further quotes growth. The price is testing the 113.20 mirror resistance level. I’ll buy the pair if it fixes above this mark. It may move to 113.65. USD/JPY can reach 114.00 in the medium term.

Alextrader79 SG

My yesterday expectations for USD/JPY confirmed. Yen weakened, so I expect the quotes growth. I’ll buy the pair. If it fixes above the 113.65 key support. The goal for taking profit is 114.00.

Alextrader79 SG

Bears prevailed on GBP/USD yesterday. The price is testing the 1.3385 mirror resistance level. I don’t exclude the further quotes fall. I’ll sell the pair with a trailing stop, if it fixes below 1.3365. It may move to 1.3340-1.3300.

Alextrader79 SG

The euro currency remains under pressure due to the election results in Catalonia. I expect a downward trend on EUR/USD. I’ll sell the pair if it fixes below the 1.1845 mark. It may move to 1.1800. I’ll watch the economical reports from the US.

Alextrader79 SG

Aggressive sales were observed on USD/CAD. The demand for the Canadian dollar is still high. It happens due to the publication of positive data on inflation and retail sales in Canada. I’ll sell USD/CAD after it fixes below the 1.2700 round level. It may move to 1.2650

Alextrader79 SG

Trading activity and volatility on majors declined due to the holidays. I expect a flat movement during the next week. Positions will be opened from the key levels on smaller timeframes.

The GBP/USD currency pair has been in a flat movement for some time. I highlighted the following key support and resistance levels: 1.3355 and 1.3375. I expect emergence of a bearish sentiment in the nearest future. I’ll sell GBP/USD in case it fixes below 1.3355. The target for taking profit is the 1.3335 support level.

Alextrader79 SG

The USD/JPY quotes are consolidating in the 113.20-113.35 range. I don’t exclude the further growth of this pair. I’ll buy it, if it fixes above 113.35. It may move to the 113.60 local resistance level.

Alextrader79 SG

There is a strong trend movement on AUD/USD. Rising of commodity prices supports the pair. I don’t rule out a bullish sentiment. I’ll buy the pair, if it fixes above 0.7775. It may move to 0.7825.

Alextrader79 SG

There were aggressive purchases of GBP/USD during the Asian trading session. The quotes are consolidating in the 1.3400-1.3415 range now. I expect a technical correction soon. I’ll sell the pair, if it fixes below the 1.3400 round level. It may move to 1.3380-1.3370.

Alextrader79 SG

The demand for the US dollar is falling. Today, the EUR/USD quotes are still growing. The key trading range is 1.18850-1.19500. 1.18850 is a mirror support. I'll open positions from key support and resistance levels.

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