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Posted by on in FX Chart Updates

A bounce effort Thursday to probe above 1.1200 resistance, as we had expected, after the deeper correction to start the week through support at 1.1148, to leave a neutral tone for today.

Moreover, whilst above deeper support at 1.1048 and given the previous push above 1.1380/86, we see late June risk still higher.

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Tagged in: EUR Euro EURUSD Forex FX
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Posted by on in FX Chart Updates

A still firmer rally as we had anticipated, with a bounce from the 122.53/43 support area, through 123.61, for  better recovery bias into midweek.

We still see an underlying bull tone from the May bull breakout above the 2002 peak at 125.81, to push USDJPY to its highest level for over 13 years!

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Tagged in: Forex FX JPY USDJPY Yen
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Posted by on in FX Chart Updates

A dip lower this week through at 1.5805/00 and the June trend line favours a consolidation tone on Tuesday.

However, the push last week through a long term retrace barrier at 1.5879 after the recovery through the 1.5815 peak leaves a bullish recovery tone for late June.

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Tagged in: CABLE Forex FX GBP GBPUSD
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Posted by on in FX Chart Updates

A rebound from new support established at 1.1204/03, and a firm tone to end the week (as we had expected) after the Thursday push above 1.1380/86 to aim higher Monday.

Furthermore, whilst above 1.0819 we see a bullish bias through mid-June (from the prior push up through 1.1208).

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Tagged in: EUR Euro EURUSD Forex FX
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