EURUSD Daily Analysis EURUSD (1.102): EURUSD gapped lower this morning, opening at 1.1010 with a brief test to the support at 1.10 level. To the upside, the resistance at 1.1143 could be in for a retest yet again. To the downside, a break below 1.0985 is required for EURUSD to post further declines to 1.09 while the longer term declines could see an extended move to 1.08. If EURUSD manages to break above 1.1143 resistance, the further upside to 1.1217 could be tested. However, price action remains caught within 1.130 and 1.10 levels. USDJPY Daily Analysis USDJPY (101.9): USDJPY is attempting to find support near the 100 – 101 levels after a modest gap lower this morning. On the 4-hour chart, we notice a bearish pennant pattern being formed at the current levels. Support is seen at 101.25, and a break below this level could see USDJPY resume its declines. Based on the measured move, USDJPY could slip towards 98.25. GBPUSD Daily Analysis GBPUSD (1.3404): GBPUSD remains weak to the downside, with prices opening this morning at 1.3427. There is a minor support seen at 1.3385 levels which will be key as a break below this level could see EURUSD slip towards 1.3350 and eventually to 1.330 in the near term. To the upside, any gains are likely to be capped near 1.3850. Gold Daily Analysis XAUUSD (1324.82): Gold prices remain biased to the upside following a pullback to 1317 on Friday. The bullish pennant pattern remains in play, and any downside is limited to 1310 – 1300 levels in the near-term while to the upside 1371 – 1372 remains the measured target. In the event of a break down below 1310 – 1300, gold prices could shift the bias to the downside with the next support at 1290 coming into the picture while also invalidating the bullish pennant pattern. 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 EUR/USD: Trading the US Final GDP Kenny Fisher 7 years EURUSD Daily Analysis EURUSD (1.102): EURUSD gapped lower this morning, opening at 1.1010 with a brief test to the support at 1.10 level. To the upside, the resistance at 1.1143 could be in for a retest yet again. To the downside, a break below 1.0985 is required for EURUSD to post further declines to 1.09 while the longer term declines could see an extended move to 1.08. If EURUSD manages to break above 1.1143 resistance, the further upside to 1.1217 could be tested. However, price action remains caught within 1.130 and 1.10 levels. USDJPY Daily Analysis USDJPY (101.9): 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.
