EURUSD Analysis.
EURUSD stays in a trading range between 1.2985 and 1.3102. Key resistance is at 1.3102, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.3415, one more fall to 1.2900 area is still possible after consolidation. On the upside, a break above 1.3102 resistance could signal completion of the downtrend from 1.3415, then the following upward movement could bring price back towards 1.3600.
GBPUSD Analysis.
GBPUSD remains in downtrend from 1.5751, and the fall extends to 1.5165. Further decline is still possible after a minor consolidation, and next target would be at 1.5100 area. Resistance is at 1.5280, as long as this level holds, the downtrend will continue.
USDCHF Analysis.
USDCHF’s upward movement from 0.9130 extends to as high as 0.9503. Further rise is still possible, and next target would be at 0.9550 area. Support is at 0.9400, only break below this level could signal completion of the uptrend.
USDJPY Analysis.
USDJPY’s upward movement from 93.79 extends to as high as 99.85. Further rise could be expected, and next target would be at 100.50 area. Support is at 97.70, only break below this level could signal completion of the uptrend.
EURUSD stays in a trading range between 1.2985 and 1.3102. Key resistance is at 1.3102, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.3415, one more fall to 1.2900 area is still possible after consolidation. On the upside, a break above 1.3102 resistance could signal completion of the downtrend from 1.3415, then the following upward movement could bring price back towards 1.3600.
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| Forex: eurusd technical analysis Tuesday, July 2, 2013 |
GBPUSD Analysis.
GBPUSD remains in downtrend from 1.5751, and the fall extends to 1.5165. Further decline is still possible after a minor consolidation, and next target would be at 1.5100 area. Resistance is at 1.5280, as long as this level holds, the downtrend will continue.
 |
| Forex: gbpusd technical analysis Tuesday, July 2, 2013 |
USDCHF Analysis.
USDCHF’s upward movement from 0.9130 extends to as high as 0.9503. Further rise is still possible, and next target would be at 0.9550 area. Support is at 0.9400, only break below this level could signal completion of the uptrend.
 |
| Forex: usdchf technical analysis Tuesday, July 2, 2013 |
USDJPY Analysis.
USDJPY’s upward movement from 93.79 extends to as high as 99.85. Further rise could be expected, and next target would be at 100.50 area. Support is at 97.70, only break below this level could signal completion of the uptrend.
 |
| Forex: usdjpy technical analysis Tuesday, July 2, 2013 |
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