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 EURJPY and GBPJPY finished positive for the week. AUDJPY, AUDUSD, EURUSD, and GBPUSD finished down for the week. USD Index continued to advance closing above the 103.81 monthly resistance level.

AUDJPY Daily chart:

Monthly support at 90.51 and 87.01, resistance at 96.87.

Weekly support at 87.28, resistance at 92.43.

Daily support at 90.77, resistance at 91.86 and 92.24.

Price declined down from the 92.24-43 daily/weekly resistance area last week. Will price form a lower top at resistance and continue the decline this week?

AUDUSD Daily chart:

Monthly support at 0.6247, resistance at 0.6967.

Weekly support at 0.6247, resistance at 0.6564 and 0.6573.

Daily support at 0.6491, resistance at 0.6522.

Price declined below the 0.6573-64 weekly support area last week. Will price decline below the 0.6491 daily support level this week?

EURJPY Daily chart:

Monthly support at 149.77, resistance at 151.70.

Weekly support at 148.39, resistance at 151.61.

Daily support at 149.62, resistance at 151.61.

Price advanced above the 149.77 monthly resistance level last week. Will price advance and test the 151.61 weekly resistance level this week?

EURUSD Daily chart:

Monthly support at 1.0635, resistance at 1.0879.

Weekly support at 1.0516, resistance at 1.0736.

Daily support at 1.0713, resistance at 1.0759.

Price declined and closed below the 1.0736 weekly support level last week. Will price decline and test the 1.0635 monthly support level this week?

GBPJPY Daily chart:

Monthly support at 172.13, resistance at 174.83.

Weekly support at 172.13, resistance at 174.83.

Daily support at 172.32, resistance at 174.83.

Price advanced and closed above the 172.13-32 monthly/daily resistance area last week. Will price advance and test the 174.83 monthly resistance level this week?

GBPUSD Daily chart:

Monthly support at 1.1803, resistance at 1.2448.

Weekly support at 1.1915, resistance at 1.2448.

Daily support at 1.2274, resistance at 1.2391.

Price declined down from the 1.2448 monthly resistance level last week. Will price decline and move below the 1.2274 daily support level this week?

Disclaimer: Trading involves risk.

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