Technical trading amp analysis report 5th 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 has begun to retreat after having made a very substantial rebound to a high of 1.1289 last week.

GBP/USD has made an even more pronounced retreat after having risen to key resistance around the 1.5500 level.

USD/JPY continues to consolidate below its long-term highs, but has steadily ascended within the past week to trade above the 120.00 level.

AUD/USD has made a sharp retreat after having risen to a high above 0.8000 last week.

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