Technical trading & analysis report – 17th June 2014
James Chen June 17, 2014 9:35 PM
<p>Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for the major currency pairs, including EUR/USD, GBP/USD, and AUD/USD, as well as gold […]</p>
Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for the major currency pairs, including EUR/USD, GBP/USD, and AUD/USD, as well as gold and the FTSE 100 index.
EUR/USD has continued to be weighed down near major 1.3500 support and should be poised for a breakdown of support.
GBP/USD has hit a new long term high above its 1.7000 target before pulling back slightly, and could soon be moving towards further highs.
AUD/USD has pulled back after hitting key resistance, but could be looking to rebound and recover its four-month uptrend.
Gold has turned back down after recovering some of its recent losses, and could now be eyeing another eventual re-test of the long-term lows near 1180.
The FTSE 100 index has retreated from strong resistance after making repeated attempts to break its long-term highs, and is overdue for a deeper pullback.
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