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, EURUSD, GBPJPY, and GBPUSD finished positive for the week. EURJPY finished down for the week. USD Index declined as the market looks to the US inflation figures and interest rate decision in the week ahead.

AUDJPY Daily chart:

Monthly support at 87.01, resistance at 96.87.

Weekly support at 93.03, resistance at 95.73.

Daily support at 93.00, resistance at 93.84.

Price advanced above the 93.03 weekly resistance level last week. Will price hold the advance and target the 95.73 weekly resistance level this week?

AUDUSD Daily chart:

Monthly support at 0.6247, resistance at 0.6967.

Weekly support at 0.6573 and 0.6564, resistance at 0.6805.

Daily support at 0.6674, resistance at 0.6771.

Price advanced and closed above the 0.6700 level last week. Will price hold the advance and test the 0.6771 - 0.6805 daily/weekly resistance area this week?

EURJPY Daily chart:

Monthly support at 148.39, resistance at 149.77 and 151.70.

Weekly support at 148.39, resistance at 151.61.

Daily support at 148.58, resistance at 150.19.

Price declined and closed below the 149.77 monthly resistance level last week. Will price decline and test the 148.39 monthly support level this week?

EURUSD Daily chart:

Monthly support at 1.0635, resistance at 1.0879.

Weekly support at 1.0516, resistance at 1.0736.

Daily support at 1.0667, resistance at 1.0778.

Price advanced and tested the 1.0778 daily resistance level last week. Will price hold the advance and move above the 1.0778 daily resistance level this week?

GBPJPY Daily chart:

Monthly support at 172.13, resistance at 174.83.

Weekly support at 172.13, resistance at 175.00.

Daily support at 174.67, resistance at 175.00.

Price advanced and closed above the 174.83 monthly resistance level last week. Will price hold the advance above the 174.83 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 1.2368, resistance at 1.2546.

Price advanced and retested the 1.2546 daily resistance level last week. Will price hold the advance above the 1.2546 daily resistance level this week?

Disclaimer: Trading involves risk.

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