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 EURJPY, GBPJPY, and GBPUSD finished positive for the week. AUDJPY, AUDUSD, and EURUSD finished down for the week. USD finished positive for the week holding above 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 87.58, resistance at 90.15-18.

Price tested and reversed at the 90.51 monthly resistance level last week. Will price hold at the 90.15-51 daily/monthly 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 and 0.6564, resistance at 0.6893.

Daily support at 0.6681, resistance at 0.6793.

Price remained range bound last week. Will price decline and retest the 0.6629 weekly support level this week?

EURJPY Daily chart:

Monthly support at 144.26, resistance at 148.39.

Weekly support at 146.72, resistance at 148.39.

Daily support at 147.10, resistance at 147.75.

Price advanced and tested the 147.75 daily resistance level last week. Will price hold the uptrend and move above the 147.75 daily resistance 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 1.0909, resistance at 1.0973.

Price held at the 1.0973 daily resistance level last week. Will price hold the uptrend and retest the 1.1033 weekly resistance level this week?

GBPJPY Daily chart:

Monthly support at 158.21, resistance at 168.72.

Weekly support at 166.00, resistance at 168.72.

Daily support at 164.03, resistance at 167.96.

Price advanced and moved above the 166.00 weekly resistance level last week. Will price hold the uptrend and retest the 168.72 monthly resistance level this week?

GBPUSD Daily chart:

Monthly support at 1.1958, resistance at 1.2448.

Weekly support at 1.2293, resistance at 1.2667.

Daily support at 1.2353, resistance at 1.2474.

Price held at the 1.2448 monthly resistance level last week. Will price hold the uptrend and move above the 1.2448 monthly resistance level this week?

Disclaimer: Trading involves risk.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.