EURUSD Daily Analysis EURUSD (1.13): EURUSD continues to form small bodied candlesticks near the top end of the recent rally. The current pause is likely to see some consolidating ahead of the uptrend being resumed. 1.130 broken resistance could be tested for support ahead of further upside to 1.147 while a dip below 1.13 could see EURUSD test the lower support at 1.120. With prices breaking out from the modest rising wedge pattern, we can expect the dip to 1.13 with further downside likely on a break below this resistance and a continuation to the downside. USDJPY Daily Analysis USDJPY (110.3): USDJPY continues its bearish trend with rather a strong momentum. Prices remained biased to the downside with a close below 110.672 yesterday, and any potential upside moves in prices could be met with resistance. To the downside 110.5 will be the next level of interest ahead of a longer-term decline to 109.5 region. It is ideal to keep an eye on the daily candlesticks for indication of any potential pullbacks to the current declines. GBPUSD Daily Analysis GBPUSD (1.41): GBPUSD is now trading below the minor resistance of 1.426 – 1.424. Yesterday’s price action erased the gains from the previous day with a bearish engulfing indicating a continued downside in prices. Any pullbacks are likely to see the broken support/resistance at 1.426 – 1.424 being retested ahead of further declines towards 1.4025 – 1.40. Gold Daily Analysis XAUUSD (1228): Gold prices are looking to move up again following yesterday’s bearish close. So far price action has formed a bullish engulfing pattern, but a daily close will confirm this bias. The new rising median line on the chart shows Gold back at one of the support/resistance levels, currently in the 1230 – 1225 zone. A break higher will see further upside to the 1243 – 1237 zone. Overall, Gold prices are likely to stay limited below 1250 and 1215 levels. John Benjamin John Benjamin John is a market analyst for Orbex Ltd. and is a forex and equities trader having been involved in trading since late 2009. John makes use of a mix of technical and fundamental analysis and inter-market relationships. The analysis present here is a mix of intra-day analysis while considering the long term outlook of the markets as well. For any comments or questions, John can be reached at [email protected] View All Post By John Benjamin Daily Look share Read Next Elliott Wave Analysis on USDCAD and USDJPY Gregor Horvat 7 years EURUSD Daily Analysis EURUSD (1.13): EURUSD continues to form small bodied candlesticks near the top end of the recent rally. The current pause is likely to see some consolidating ahead of the uptrend being resumed. 1.130 broken resistance could be tested for support ahead of further upside to 1.147 while a dip below 1.13 could see EURUSD test the lower support at 1.120. With prices breaking out from the modest rising wedge pattern, we can expect the dip to 1.13 with further downside likely on a break below this resistance and a continuation to the downside. USDJPY Daily Analysis USDJPY… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
