Technical trading & analysis report – 29th October 2014
James Chen October 29, 2014 8:17 PM
<p>Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for the 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 the 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 has continued to attempt a recovery from its 1.2500 low but has been limited in its gains.
GBP/USD has also attempted to move higher but currently remains within a strong bearish trend.
USD/JPY has maintained its current rebound and is potentially targeting a re-test of the 110.00 high.
AUD/USD has moved higher but continues its consolidation above key support.
Gold is struggling in its attempts to recover from major support lows and target higher levels
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