EURUSD Daily Analysis EURUSD (1.13): EURUSD was little changed in yesterday’s trading with the single currency finding support above 1.30. On the 4-hour chart, price action remains rather flat with in the process of forming a bullish divergence, which could see a possible move to 1.138 – 1.140 initially. Further upside above 1.140 looks bleak at this point unless price closes above 1.140 in which case, a move to 1.14975 is more possible. In the near term, EURUSD remains range bound within 1.1380 resistance and 1.12695 support. USDJPY Daily Analysis USDJPY (108.9): USDJPY is trading flat for five consecutive days with price action heading nowhere. Trading above 107.95 the bias remains to the upside for a move to 110.67 resistance to the upside ahead of 109.35 – 109.73 levels. On the 4-hour chart, USDJPY continues to show the bearish divergence which could see a correction towards 107.36 support. GBPUSD Daily Analysis GBPUSD (1.44): GBPUSD closed bullish yesterday and is already making some early gains having moved above 1.4425 level. Resistance is seen near 1.4535 which could cap the gains in the near term, but a move to 1.4635 cannot be ruled out. To the downside, 1.4312 – 1.43 remains the support level of interest. Gold Daily Analysis XAUUSD (1279): Gold closed in a doji yesterday after testing the highs above 1288. But with prices trading below the 1291 – 1289 resistance level, the bias remains to the downside. A break of the current support near 1273 – 1271 could see further downside in gold for a test of 1262 – 1258 levels ahead of the key 1250 support. 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 The Master Trader Guest 6 years EURUSD Daily Analysis EURUSD (1.13): EURUSD was little changed in yesterday's trading with the single currency finding support above 1.30. On the 4-hour chart, price action remains rather flat with in the process of forming a bullish divergence, which could see a possible move to 1.138 - 1.140 initially. Further upside above 1.140 looks bleak at this point unless price closes above 1.140 in which case, a move to 1.14975 is more possible. In the near term, EURUSD remains range bound within 1.1380 resistance and 1.12695 support. USDJPY Daily Analysis USDJPY (108.9): USDJPY is trading flat for five consecutive… 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.
