EURUSD Analysis.
EURUSD’s downward movement from 1.3415 extends to as low as 1.2806. Further decline is still possible after a minor consolidation, and next target would be at 1.2700 area. Key resistance is at 1.2950, only break above this level could signal completion of the downtrend.
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| Forex: eurusd technical analysis Monday, July 8 |
GBPUSD Analysis.
GBPUSD’s downward movement from 1.5751 extends to as low as 1.4859. Further decline is still possible after a minor consolidation, and next target would be at 1.4750 area. Resistance is at 1.5000, only break above this level could signal completion of the downtrend.
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| Forex: gbpusd technical analysis Monday, July 8 |
USDCHF Analysis.
USDCHF’s upward movement from 0.9130 extends to as high as 0.9664. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and further rise towards 0.9800 area could be seen over the next several days. On the downside, a clear break below the trend line support will suggest that consolidation of the uptrend is underway, then the pair will find support around 0.9450.
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| Forex: usdchf technical analysis Monday, July 8 |
USDJPY Analysis.
USDJPY breaks above 100.85 resistance, and continues its upward movement from 93.79, and the rise extends to as high as 101.53. Support is located at the upward trend line on 4-hour chart, as log as the trend line support holds, the uptrend could be expected to continue, and next target would be at 102.50 area, only a clear break below the trend line support could signal completion of the uptrend.
USDJPY breaks above 100.85 resistance, and continues its upward movement from 93.79, and the rise extends to as high as 101.53. Support is located at the upward trend line on 4-hour chart, as log as the trend line support holds, the uptrend could be expected to continue, and next target would be at 102.50 area, only a clear break below the trend line support could signal completion of the uptrend.
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| Forex: usdjpy technical analysis Monday, July 8 |
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