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, AUDUSD, and GBPUSD finished positive for the week. EURJPY, EURUSD, and GBPJPY finished down for the week. USD Index finished down for the week just closing below 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 92.81.

Daily support at 87.86, resistance at 90.77 and 92.24.

Price advanced and tested the 92.24 daily resistance level last week. Will price hold at the 90.51-77 monthly/daily 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 0.6629, resistance at 0.6805.

Daily support at 0.6573, resistance at 0.6758.

Price rallied back above the 0.6629 weekly support level last week. Will price hold at the 0.6758 – 0.6805 daily/weekly resistance area and decline back down the range this week?

EURJPY Daily chart:

Monthly support at 148.39, resistance at 149.77 and 151.70.

Weekly support at 146.72, resistance at 149.77.

Daily support at 146.28, resistance at 148.62.

Price declined back down to the 148.39 monthly support level last week. Will price hold the uptrend and close above the 148.39 monthly support level 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 again 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 172.32.

Price advanced and tested the 172.13 monthly resistance level last week. Will price hold the uptrend and retest 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 1.2583, resistance at 1.2667.

Price advanced and closed above the 1.2583 daily resistance level last week. Will price advance and test the 1.2661 monthly resistance level this week?

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