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, EURJPY, EURUSD, GBPJPY, and GBPUSD all finished down for the week. USD Index finished strongly up for the week closing above the 102.35 daily resistance 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 89.15, resistance at 90.77.

Price declined and closed below the 90.51 monthly resistance level last week. Will price hold at the 90.51-77 monthly/daily resistance area and continue to decline down the range this week?

AUDUSD Daily chart:

Monthly support at 0.6247, resistance at 0.6967.

Weekly support at 0.6629 and 0.6564, resistance at 0.6805.

Daily support at 0.6619, resistance at 0.6771.

Price declined down from the 0.6805 weekly resistance level last week. Will price decline and test the 0.6564 weekly support level this week?

EURJPY Daily chart:

Monthly support at 145.68, resistance at 148.39.

Weekly support at 146.72, resistance at 148.39.

Daily support at 146.28, resistance at 147.12.

Price declined down from the 148.39 monthly resistance level last week. Will price hold the downtrend and move below the 146.72 weekly support level this week?

EURUSD Daily chart:

Monthly support at 1.0635, resistance at 1.1215.

Weekly support at 1.0736, resistance at 1.1033.

Daily support at 1.0831, resistance at 1.0942.

Price declined down from the 1.1033 weekly resistance level last week. Will price decline and test the 1.0736 weekly support level this week?

GBPJPY Daily chart:

Monthly support at 168.72, resistance at 172.13.

Weekly support at 166.00, resistance at 169.27.

Daily support at 167.96, resistance at 171.17.

Price declined and closed just above the 168.72 monthly support level last week. Will price hold the downtrend and move below the 168.72 monthly support 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 1.2435 and 1.2367, resistance at 1.2583.

Price declined down from the 1.2667 weekly resistance level last week. Will price hold the downtrend and move below the 1.2448 monthly support level this week?

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