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 and GBPUSD finished positive for the week. AUDJPY, AUDUSD, EURJPY, and GBPJPY finished down for the week. USD further declined towards 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 87.34, resistance at 90.18.

Price declined down from the 90.18 daily resistance level last week. Will price hold the downtrend and move below the 87.01 monthly support level this week?

AUDUSD Daily chart:

Monthly support at 0.6247, resistance at 0.6967.

Weekly support at 0.6629 and 0.6564, resistance at 0.6893.

Daily support at 0.6650, resistance at 0.6783.

Price declined down from the 0.6783 daily resistance level last week. Will price hold the downtrend and move below the 0.6629 weekly support level this week?

EURJPY Daily chart:

Monthly support at 137.49, resistance at 144.26.

Weekly support at 139.54, resistance at 145.56.

Daily support at 143.62, resistance at 144.96.

Price declined and closed below the 144.26 monthly resistance level last week. Will price decline back down the range and target the 139.54 weekly support level this week?

EURUSD Daily chart:

Monthly support at 1.0635, resistance at 1.0879.

Weekly support at 1.0736, resistance at 1.1033.

Daily support at 1.0802, resistance at 1.0927.

Price false broke the 1.0927 daily resistance level last week. Will price decline back down and retest the 1.0802 daily support level this week?

GBPJPY Daily chart:

Monthly support at 158.21, resistance at 168.72.

Weekly support at 155.35, resistance at 166.00.

Daily support at 163.33, resistance at 164.03.

Price declined down from the 166.00 weekly resistance level last week. Will price decline back down the range and target the 158.21 monthly support level this week?

GBPUSD Daily chart:

Monthly support at 1.1958, resistance at 1.2448.

Weekly support at 1.2293, resistance at 1.2448.

Daily support at 1.2401, resistance at 1.2525.

Price false broke the 1.2488 monthly resistance level last week. Will price decline back down to retest the 1.2293 weekly support level this week?

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