Key Trading Levels - AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD

Overview:

Watch the video for the key trading levels for the week ahead for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD.

Last week EURJPY and GBPJPY finished positive for the week. AUDJPY, AUDUSD, EURUSD, and GBPUSD finished down for the week. USD Index finish positive for the fourth straight week in a row closing strongly above the 103.82 monthly resistance level.

AUDJPY Daily chart:

Monthly support at 90.51, resistance at 96.87.

Weekly support at 87.01, resistance at 92.81.

Daily support at 90.22, resistance at 91.93.

Price failed to advance above the 92.81 weekly resistance level last week. Will price decline down and retest the 90.51 monthly support level this week?

AUDUSD Daily chart:

Monthly support at 0.6722, resistance at 0.6967.

Weekly support at 0.6629, resistance at 0.6893.

Daily support at 0.6688, resistance at 0.6811.

Price declined down from the 0.6900 level last week. Will price continue to decline and test the 0.6629 weekly support level this week?

EURJPY Daily chart:

Monthly support at 137.49, resistance at 144.26.

Weekly support at 139.54, resistance at 146.72.

Daily support at 142.82, resistance at 144.15.

Price advanced and tested the 144.26 monthly resistance level last week. Will price continue to advance and move above the 144.26 monthly resistance level this week?

EURUSD Daily chart:

Monthly support at 1.0340, resistance at 1.0635.

Weekly support at 1.0481, resistance at 1.0736.

Daily support at 1.0443, resistance at 1.0612.

Price declined below the 1.0600 level last week. Will price continue to decline and test the 1.0481 weekly support level this week?

GBPJPY Daily chart:

Monthly support at 156.07, resistance at 168.72.

Weekly support at 161.80, resistance at 163.03.

Daily support at 162.17, resistance at 163.75.

Price broke above the 161.80 weekly resistance level last week. Will price continue to advance and move above the 163.03 weekly resistance level this week?

GBPUSD Daily chart:

Monthly support at 1.1958, resistance at 1.2391.

Weekly support at 1.1841, resistance at 1.2293.

Daily support at 1.1915, resistance at 1.1961.

Price declined and closed below the 1.1958 monthly support level last week. Will price continue to decline and test the 1.1841 weekly support level this week?

Disclaimer: Trading involves risk.

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