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Posted by on in FX Chart Updates

A rebound effort Monday, but capped by down the trend lines (now 1.5130 and 1.5190) and chart resistance at 1.5221 to leaves downside pressures intact.

A more significant erosion last week, through 1.5197 for a more bearish shift to aim for lower targets into March.

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

A still more robust rebound into the end of last week as we had expected, after the dip lower post-BoC decision, another recovery ahead of key 1.2361/52 support factors.

Whilst above 1.2352, the March bullish theme is intact to aims for resistance targets.

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Tagged in: CAD Forex FX USD USDCAD
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Posted by on in FX Chart Updates

A robust recovery extension Thursday, as we  had anticipated, after resilient consolidation in midweek above modest support in the 119.25/12 area.

This reinforces the late February solid rally from form support at 118.66/61 (ahead of stronger foundations at 118.28/11) and leaves a bullish tone and risk of upside challenges.

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

Dips and bounces from midweek, from support now at 118.66/61, ahead of better foundations at 118.28/11, then a solid end of week and month upside follow-through.

This reinforces our bullish view from the rally last week near to our next target at 119.88 (up to 119.85).

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Tagged in: Forex FX USD USDJPY Yen
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