Technical trading amp analysis report 28th 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 […]
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 […]
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 rebounded significantly from its long-term lows, and could be on its way toward key resistance around 1.1100.
GBP/USD has made an even more pronounced comeback after hitting its multi-year low just two weeks ago, and could be targeting further upside resistance around 1.5500.
USD/JPY continues to consolidate below its long-term highs, and is stagnant near the lower end of its recent range.
AUD/USD has risen sharply from its lows in the past two weeks, but should be limited from gaining much further upside in the near-term.