Forex Trading Signals : Monday, July 8, 2013 | eurusd gbpusd usdchf usdjpy

EUR/USD: Neutral Trend
Trading range: 1.2850-1.2780
Sell at :1.2840
Stop Loss: 1.2872
Take Profit: 1.2790

GBP/USD: Neutral Trend
Trading range: 1.4910-1.4830
Sell at :1.4899
Stop Loss: 1.4931
Take Profit: 1.4844

USD/JPY: Neutral Trend
Trading range: 100.80-101.50
Buy at :100.92
Stop Loss: 100.60
Take Profit: 101.37

USD/CHF: Neutral Trend
Trading range: 0.9630-0.9705
Buy at :0.9642
Stop Loss: 0.9610
Take Profit: 0.9692

Forex Technical Analysis: Monday, July 8, 2013 : eurusd gbpusd usdchf usdjpy

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.

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.

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.

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.

Forex: usdjpy technical analysis  Monday, July 8