Technical trading & analysis report – 28th April 2015

<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. The focus is […]</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.

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.

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