Forex Analysis - 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 AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD all finished positive for the week. USD further declined following poor US CPI and PPI data releases.

AUDJPY Daily chart:

Monthly support at 87.01 and 86.24, resistance at 90.51.

Weekly support at 87.28, resistance at 90.51.

Daily support at 87.58, resistance at 90.15-18.

Price remained range bound last week. Will price hold at the 90.15 daily resistance level and decline back down the range this week?

AUDUSD Daily chart:

Monthly support at 0.6247, resistance at 0.6967.

Weekly support at 0.6629 and 0.6564, resistance at 0.6893.

Daily support at 0.6624, resistance at 0.6793.

Price remained range bound last week. Will price decline and retest the 0.6629 weekly support level this week?

EURJPY Daily chart:

Monthly support at 144.26, resistance at 148.39.

Weekly support at 145.56, resistance at 146.72.

Daily support at 145.66, resistance at 147.10.

Price advanced and closed above the 146.72 weekly resistance level last week. Will price hold the uptrend and move above the 147.10 daily resistance level this week?

EURUSD Daily chart:

Monthly support at 1.0879, resistance at 1.1215.

Weekly support at 1.0736, resistance at 1.1033.

Daily support at 1.0973, resistance at 1.1033.

Price advanced and false broke the 1.1033 weekly resistance level last week. Will price hold the uptrend and move above the 1.1033 weekly resistance level this week?

GBPJPY Daily chart:

Monthly support at 158.21, resistance at 168.72.

Weekly support at 158.26, resistance at 166.00.

Daily support at 164.03, resistance at 166.39.

Price retested the 166.00 weekly resistance level last week. Will price hold at the 166.00 weekly resistance level and decline back down the range this week?

GBPUSD Daily chart:

Monthly support at 1.1958, resistance at 1.2448.

Weekly support at 1.2293, resistance at 1.2667.

Daily support at 1.2344, resistance at 1.2525.

Price advanced and false broke the 1.2448 monthly resistance level last week. Will price hold the uptrend and move above the 1.2448 monthly resistance level this week?

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