Technical trading & analysis report – 13th January 2015
James Chen January 13, 2015 7:18 PM
<p>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, as well as […]</p>
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, as well as gold.
The focus is on technical price trends and major support and resistance levels.
EUR/USD continues to carry a strong bearish bias as it nears long-term lows and is poised for further declines.
GBP/USD is also hitting new lows as it makes its way down towards the major 1.5000 psychological level.
USD/JPY has attempted a rebound and recovery from December’s pullback but has stalled and consolidated just above the 118.00 level.
AUD/USD continues its bearish trend as it eyes further lows within its entrenched downtrend.
Gold has shown signs of a tentative rebound and recovery after having broken out above a triangle consolidation to begin the New Year.
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