EURUSD Analysis.
EURUSD remains in downtrend from 1.3102, the rise from 1.2806 is likely consolidation of the downtrend. Key resistance is now located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to resume, and another fall to 1.2700 is still possible after consolidation.
GBPUSD Analysis.
GBPUSD remains in downtrend from 1.5751, the rise from 1.4859 is treated as consolidation of the downtrend. Resistance is at 1.5000, as long as this level holds, the downtrend could be expected to resume, and next target would be at 1.4750 area.
USDCHF Analysis.
USDCHF stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9130, and the rise extends to as high as 0.9667. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.9700 area.
USDJPY Analysis.
USDJPY stays above a upward trend line on 4-hour chart, and remains in uptrend from 93.79. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 102.50 area. On the downside, a clear break below the trend line support will indicate that consolidation of the uptrend is underway, then the pair will find support around 99.50.
EURUSD remains in downtrend from 1.3102, the rise from 1.2806 is likely consolidation of the downtrend. Key resistance is now located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to resume, and another fall to 1.2700 is still possible after consolidation.
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GBPUSD Analysis.
GBPUSD remains in downtrend from 1.5751, the rise from 1.4859 is treated as consolidation of the downtrend. Resistance is at 1.5000, as long as this level holds, the downtrend could be expected to resume, and next target would be at 1.4750 area.
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| Forex: gbpusd technical analysis Twesday, July 9 |
USDCHF Analysis.
USDCHF stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9130, and the rise extends to as high as 0.9667. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.9700 area.
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| Forex: usdchf technical analysis Twesday, July 9 |
USDJPY Analysis.
USDJPY stays above a upward trend line on 4-hour chart, and remains in uptrend from 93.79. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 102.50 area. On the downside, a clear break below the trend line support will indicate that consolidation of the uptrend is underway, then the pair will find support around 99.50.
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| Forex: usdjpy technical analysis Twesday, July 9 |
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