Technical trading amp analysis report 12th 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 […]


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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  continues to trade just off a new two-month high within a sustained rebound from its lows.

GBP/USD has made a sharp advance to break out above key 1.5500 resistance within in a strong rebound.

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

AUD/USD is trading near its recent highs after recovering from April’s lows.

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