USDJPY Daily Analysis – March 28, 2019

USDJPY moved sideways in a trading range between 109.70 and 110.95. As long as 110.95 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 111.90, further decline towards 109.00 is possible after the consolidation. Only break above 110.95 resistance could signal completion of the downtrend.

EURUSD Daily Analysis – March 28, 2019

EURUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.1448. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.1200 area. On the upside, a breakout of the trend line resistance would indicate that … Continue reading “EURUSD Daily Analysis – March 28, 2019”

USDJPY Daily Analysis – March 27, 2019

USDJPY remains in the downtrend from 111.90, the bounce from 109.70 is likely consolidation for the downtrend. Key resistance is at 110.95, as long as this level holds, the downside movement could be expected to resume, and next target would be at 109.00 area. Only break above 110.95 resistance could signal completion of the downtrend.

GBPUSD Daily Analysis – March 27, 2019

GBPUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.3381 had completed at 1.3003 already. Further rally could be expected in the coming days and next target would be at 1.3350 area. Near term support is at 1.3140, below this level could bring the price back to … Continue reading “GBPUSD Daily Analysis – March 27, 2019”