Technical trading amp analysis report 7th April 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 consolidated within a triangle pattern and continues to carry a bearish trend bias.

GBP/USD has also consolidated near its multi-year lows and could be poised for another leg down.

USD/JPY has reasserted its bullish push towards 122.00 resistance.

AUD/USD continues to be weighed down just off its long-term lows and could soon resume its strongly entrenched downtrend.

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