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EURJPY TECHS

Firm Within Its Bull Channel

USDJPY TECHS

Monitoring Trendline Support

EURGBP TECHS

Testing Support

GBPUSD TECHS

Eyeing Key Resistance

EURUSD Channel Breakout Fails

EURUSD last week cleared the bear channel resistance drawn off the Jan 6 high but has failed to remain above it. The warning is a false break and if correct highlights a bearish threat. Watch support at, 1.2014/1987, the 20- and 50-day EMAs. A break of this zone would signal scope for a deeper pullback towards 1.1943, Apr 19 low.

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  • EURUSD last week cleared the bear channel resistance drawn off the Jan 6 high but has failed to remain above it.
  • The warning is a false break and if correct highlights a bearish threat.
  • Watch support at, 1.2014/1987, the 20- and 50-day EMAs.
  • A break of this zone would signal scope for a deeper pullback towards 1.1943, Apr 19 low.