USDJPY Daily Analysis – April 22, 2019

USDJPY moved sideways in a narrow range between 111.76 and 112.16. As long as 111.76 support holds, the price action in the range could be treated as consolidation for the uptrend from 110.84, further rise to 113.00 area is still possible after the consolidation. Only a breakdown below 111.76 support could bring the price back … Continue reading “USDJPY Daily Analysis – April 22, 2019”

GBPUSD Daily Analysis – April 22, 2019

GBPUSD extended its downside movement from 1.3381 to as low as 1.2978, facing 1.2960 key support, a breakdown below this level could trigger further downside movement towards 1.2800. Resistance is located at the bearish trend line on the 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.

EURUSD Weekly Analysis – April 21, 2019

EURUSD moved sideways in a trading range between 1.1176 and 1.1448 for several weeks. As long as 1.1448 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), a breakdown below 1.1176 support could trigger further downside movement towards 1.1000. Only break above … Continue reading “EURUSD Weekly Analysis – April 21, 2019”

GBPUSD Weekly Analysis – April 21, 2019

GBPUSD remains in the uptrend from 1.2396, as long as 1.2960 support holds, the pullback from 1.3381 could be treated as consolidation for the uptrend. Key resistance is at 1.3132, a break of this level could trigger another bullish movement towards 1.3500. Only a breakdown below 1.2960 support could bring the price back to 1.2600 … Continue reading “GBPUSD Weekly Analysis – April 21, 2019”

AUDUSD Weekly Analysis – April 21, 2019

AUDUSD’s upside movement from 0.7003 extended to as high as 0.7205. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at 0.7300 area. Only a clear break below the trend line support could signal completion of … Continue reading “AUDUSD Weekly Analysis – April 21, 2019”

USDJPY Weekly Analysis – April 21, 2019

USDJPY break above 112.13 resistance, suggesting that the uptrend from 105.05 has resumed. Further rise could be expected in a couple of weeks and next target would be at 114.00 area. Support is located at the rising trend line on the daily chart, a breakdown below the trend line could bring the price back towards … Continue reading “USDJPY Weekly Analysis – April 21, 2019”