Technical trading 038 analysis report 2nd June 2015
City Index Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for five major currency pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD. […]
City Index Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for five major currency pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD. […]
City Index Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for five major currency pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD.
The focus is on technical price trends and major support and resistance levels.
EUR/USD has continued to pull back towards key downside targets on a resurgence of US dollar strength.
GBP/USD has also continued to break down towards its long-term lows.
USD/JPY has broken out to a new 12-year high above 124.00 before beginning to consolidate.
AUD/USD has resumed its decline back down towards its April multi-year lows.
USD/CAD has continued to climb toward its long-term resistance highs within a strong bullish trend.”