Technical trading amp analysis report 19th May 2015

Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for four major currency pairs, including EUR/USD, GBP/USD, USD/JPY, and AUD/USD. The focus is […]


Blue avatar for FOREX.com guest contributors
By :  ,  Financial Analyst

Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for four major currency pairs, including EUR/USD, GBP/USD, USD/JPY, and AUD/USD.

The focus is on technical price trends and major support and resistance levels.


EUR/USD has pulled back sharply after having rebounded slightly above 1.1400 resistance.

GBP/USD has also retreated after having made a pronounced recovery from April’s lows.

USD/JPY continues to consolidate in a tight trading range below its long-term highs.

AUD/USD has pulled back after having recovered from its multi-year lows over the past month.

Gold has surged in the past week, but has just retreated after hitting a three-month high.

 

Related tags:

Open an account today

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.
Economic Calendar