USDJPY Daily Analysis – April 19, 2019

USDJPY remains in the uptrend from 110.84, the sideways movement in the trading range between 111.76 and 112.16 could be treated as consolidation for the uptrend. A break of 112.16 resistance would indicate that the uptrend has resumed, then further rise towards 113.00 could be seen. Support is at 111.76, below this level could bring … Continue reading “USDJPY Daily Analysis – April 19, 2019”

EURUSD Daily Analysis – April 19, 2019

EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1183 had completed at 1.1323 already. Deeper decline could be expected after a minor consolidation and next target would be at 1.1200 area. Resistance is at 1.1265, only break above this level could trigger another rise towards 1.1400.

EURUSD Daily Analysis – April 18, 2019

EURUSD failed to break above 1.1323 resistance, suggesting that lengthier consolidation for the uptrend from 1.1183 is needed. However, as long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to resume and further rise to 1.1350 area is still possible after the consolidation. On … Continue reading “EURUSD Daily Analysis – April 18, 2019”

USDJPY Daily Analysis – April 18, 2019

USDJPY moved sideways in a narrow range between 111.84 and 112.16. As long as 111.84 support holds, the price action in the range could be treated as consolidation for the uptrend from 110.84, further rise towards 113.00 could be expected after the consolidation. Only a breakdown below 111.84 support could bring the price back to … Continue reading “USDJPY Daily Analysis – April 18, 2019”