Forex Analysis - AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD

Overview:

Watch the video for the key trading levels for the week ahead for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD.

Last week AUDJPY, EURJPY, EURUSD, GBPJPY, and GBPUSD finished positive for the week. AUDUSD finished down for the week. USD Index just finished down for the week holding above the 101.28 weekly support level.

AUDJPY Daily chart:

Monthly support at 87.01 and 86.24, resistance at 90.51.

Weekly support at 87.28, resistance at 90.51.

Daily support at 87.86, resistance at 90.15 and 90.77.

Price retested the 90.15 daily resistance level last week. Will price hold at the 90.15-51 daily/monthly resistance area and decline back down the range this week?

AUDUSD Daily chart:

Monthly support at 0.6247, resistance at 0.6967.

Weekly support at 0.6564, resistance at 0.6629.

Daily support at 0.6589, resistance at 0.6681.

Price declined below the 0.6629 weekly support level last week. Will price decline and test the 0.6564 weekly support level this week?

EURJPY Daily chart:

Monthly support at 148.39, resistance at 149.77.

Weekly support at 148.39, resistance at 149.77.

Daily support at 148.62, resistance at 149.77.

Price advanced and closed above the 148.39 and 149.77 monthly resistance levels last week. Will price hold the advance above these major resistance levels this week?

EURUSD Daily chart:

Monthly support at 1.0879, resistance at 1.1215.

Weekly support at 1.0736, resistance at 1.1033.

Daily support at 1.0973, resistance at 1.1075.

Price held at the 1.1033 weekly resistance level last week. Will price hold the uptrend and move above the 1.1033 weekly resistance level this week?

GBPJPY Daily chart:

Monthly support at 168.72, resistance at 172.13.

Weekly support at 169.27, resistance at 172.13.

Daily support at 167.96, resistance at 172.13.

Price advanced and closed above the 169.27 weekly resistance level last week. Will price hold the advance and test the 172.13 monthly resistance level this week?

GBPUSD Daily chart:

Monthly support at 1.2448, resistance at 1.2661.

Weekly support at 1.2448, resistance at 1.2667.

Daily support at 1.2474, resistance at 1.2546.

Price advanced and closed above the 1.2546 daily resistance level last week. Will price advance and test the 1.2661 monthly resistance level this week?

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