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 EURUSD finished positive for the week. AUDJPY, AUDUSD, EURJPY, GBPJPY, and GBPUSD finished down for the week. USD declined on Friday as the US unemployment rate increased to 3.6%.

AUDJPY Daily chart:

Monthly support at 87.01, resistance at 90.51.

Weekly support at 87.01, resistance at 92.81.

Daily support at 88.62, resistance at 90.22.

Price declined below the 90.51 monthly support level last week. Will price continue to decline and test the 87.01 monthly support level this week?

AUDUSD Daily chart:

Monthly support at 0.6247, resistance at 0.6671.

Weekly support at 0.6170, resistance at 0.6629.

Daily support at 0.6547, resistance at 0.6694.

Price declined below the 0.6629 weekly support level last week. Will price continue to decline and test the 0.6500 level this week?

EURJPY Daily chart:

Monthly support at 137.49, resistance at 144.26.

Weekly support at 139.54, resistance at 146.72.

Daily support at 142.82, resistance at 144.15.

Price declined back below the 144.26 monthly support level last week. Will price continue to decline and test the 142.82 daily support level this week?

EURUSD Daily chart:

Monthly support at 1.0340, resistance at 1.0635.

Weekly support at 1.0481, resistance at 1.0736.

Daily support at 1.0533, resistance at 1.0691.

Price rallied back to the 1.0691 daily resistance level last week. Will price hold at resistance and decline back down to retest the 1.0533 daily support level this week?

GBPJPY Daily chart:

Monthly support at 156.07, resistance at 168.72.

Weekly support at 161.80, resistance at 163.03.

Daily support at 161.20, resistance at 163.85.

Price declined and tested the 161.80 weekly support level last week. Will price continue to decline and move below the 161.80 weekly support level this week?

GBPUSD Daily chart:

Monthly support at 1.1958, resistance at 1.2391.

Weekly support at 1.1841, resistance at 1.2293.

Daily support at 1.1915, resistance at 1.2065.

Price tested the 1.1841 weekly support level and rallied back up to the 1.2065 daily resistance level last week. Will price hold at resistance and decline back down to retest the 1.1841 weekly support level this week?

Disclaimer: Trading involves risk.

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