Forex Technical Analysis
The EUR/JPY pair fell during the session on Thursday, as the Chinese HSBC Flash PMI numbers came out just under 50.
The WTI Crude Oil markets fell rather drastically during the session on Thursday, but you can also see that they rallied during the later hours in the American session.
The GBP/USD pair bounced off of the 1.50 handle during the session on Thursday, confirming what I had anticipated over the last couple of sessions. This area of course offer significant support
The EUR/USD pair bounce during the session on Thursday, just as I suspected it would. Quite frankly, the 1.28 level looks very supportive, and I have a hard time believing that the market is going to easily break down below it.
The XAU/USD pair closed the day higher than opening but remained within the last 5 days trading range.
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The EUR/JPY reached as high as 133.80 in yesterday’s trading, but could not hold the level with strong resistance at 133.50 from the Monthly Charts.
The EUR/USD pair showed on Wednesday exactly why I hate trading this pair lately. You can see that we shot straight up in the early hours of the trading session to the 1.30 resistance level.
The USD/JPY pair rallied during the session on Wednesday, breaking to fresh new highs as the 104 level was tested.
The GBP/USD pair fell rather precipitously during the session on Wednesday, as the market continues to selloff.
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