Technical analysis for the EUR/JPY currency pairOn the daily chart, there was a rebound to the resistance level of 145.65 (near the September high). The pair's recovery above the level of 144.30 makes the bearish picture less obvious, since 144.30 was the upper limit of the range from mid-October 144.30-147.35. The pair's recovery above this level can be considered as a return to the range from mid-October 144.30-147.35, in this case, a decline below 144.30 looks like a false breakdown down. As part of the movement in a narrower range, the growth is likely to continue at the upper limit at 147.35. In the broader perspective, the decline is likely to resume. The sequence of decreasing relative highs and lows is preserved.On the four-hour chart, the level of 144.30 is already a support. The last relative minimum was higher than the previous one, and the decline may have been stopped. The pair has been in the lower half of the range since the second half of October. If the resistance was overcome at 145.65, the next target would be the level of 147.35. According to directional movement indicators, the situation is approximately neutral: a slight excess of DM- over DM+, about when the MACD histogram is in the positive zone and the positive slope of the MACD line. The resistance at 145.65 is strong, and when approaching it, the pair slowed down. This does not support the assumption of a breakout of this level now.Resistance levels: 145.65; 147.35Support levels: 144.30; 142.70Technical analysis for the AUD/USD currency pairOn the daily chart, the pair continued to grow. It is important to consolidate above the "round" level of 0.6700 (at the lows of June and early September). There are no signs of weakening of the upward movement yet. The trend is strengthening, judging by directional movement indicators: the excess of DM+ over DM- is increasing, the MACD histogram is growing in a positive zone, the MACD line has a positive slope. The probability of a rollback now increases the achievement of the goal of the measured movement equal to the size of the head-shoulders model in late September - early November, it was about 300 points, which, with a neck line of 0.6500, corresponds to 0.6800. However, even if there is a correction, in general, continued growth is now preferable.On the four-hour chart, the pair may be approaching the beginning of a correction. Growth will slow down, as can be seen by the decrease in the slope of the chart. The formation of candles with upper shadows near the resistance at 0.6800 and candles close to doji rather indicates a weakening of support for growth. A bearish divergence of the pair's highs and the MACD histogram was formed. There were no significant corrections from 0.6400, and the movement of 400 points without correction is large for the pair. With a pullback, strong support may be at the nearest "round" level of 0.6700.Resistance level: 0.6800Support levels: 0.6760; 0.6700Technical analysis for the GBP/JPY currency pairOn the daily chart, the pair's upward rebound is limited by the resistance level of 165.75. So far, it seems more likely that the decline will continue: the sequence of declines in the relative highs and lows of the pair is not broken, a candle close to a "shooting star" on Tuesday and close (so far) to doji on Wednesday are not characteristic of a reversal. According to directional movement indicators, the trend is downward: DM is above DM+, although at a low ADX level, the MACD histogram is in the negative zone, the MACD line has a negative slope.On the four-hour chart, testing resistance at 165.75 seems to end with a pullback from this level. The pair is located near the short-term trend line (it can also be considered as the lower boundary of the triangle formed by this line and the level of 165.75). The exit of their triangle downwards corresponds to a broader downward trend and would make the level of 163.80 the nearest target (support on November 11-14).Resistance levels: 165.75; 167.60Support levels: 164.50; 163.80Technical analysis for the USD/CAD currency pairOn the daily chart, the decline continued after a sharp decline from 0.6500 (the lower limit of the range since the end of September). The growth stopped at the level of 1.3200, which is the target of the measured movement, based on the head-shoulders model from the end of September, where the breakthrough of 0.6500 was overcoming the neck line. Thus, the probability of an upward rebound increases here. Support at 1.3200 is also strengthened by the fact that the "round" level, and there were highs in late August and early September. A bullish divergence of the lows of the pair and the MACD histogram was formed. Nevertheless, in general, the continuation of the decline is preferable, since the trend is strong. On the four-hour chart, after the decline, the pair stabilized above the "round" level of 1.3200. Now it is in the range of 1.3200-1.3300. According to ADX, the decline is a strong trend: the excess of DM- over DM+ is large at a high level of ADX. The probability of an upward rebound from 1.3200 increases the formation of a previously bullish divergence of the pair's lows and the MACD histogram. Further movement is likely to be in the direction of the pair's exit from the range of 1.32-1.33.Resistance levels: 1.3300; 1.3400Support levels: 1.3200; ...
On the daily chart the pair is approaching back to the support level 165.75. A lower relative maximum was formed, which confirms the version of the reversal from 170.00 - now the sequence of growth of relative highs since the end of September is broken. The reversal would finally take shape with an overcoming of support at 164.75. By more short-term indicators of directional movement the trend is downward: MACD histogram is decreasing in the negative zone, MACD line has a negative slope.GBP/JPY - Forex Technical Analysis for the currency pair GBPJPYOn the four-hour chart the pair is approaching the level of 165.00, so if we view the growth since November 3 as a correction to the decline from October 31, the correction is likely to end and the trend may continue with the overcoming of the level of 165.00. The correction from the closer level of 165.75 is weak and this may show the weakness of the support for the rise at the moment. On this scale, the level of 165.75 is more important because there are already four relative lows around it since October 14.Read more: GBP/USD exchange rate (Online Chart), forecast for todayResistance levels: 167.60; 170.00Support levels: 165,75; ...
On the daily chart the pair increased from the support level 165.75, but in general the reversal pattern from 170.00 remains. The pair remains below the resistance level of 170.00 and below the uptrend line from the end of September. While level 170,00 isn't overcome (preconditions to it aren't visible yet), return to 165,75 seems more probable in short-term prospect. By more short-term directional indicators the trend is downward: MACD histogram is in the negative zone, MACD line has a negative slope.GBP/JPY - Forex Technical Analysis for the currency pair GBPJPYOn the four-hour chart the pair decreased to the important support level 167.60. Its overcoming would probably return the pair to the initial point of the growth wave at 165.00. If we look at the wider range since October 13, 165.00-170.00, the pair is now declining after approaching the upper boundary. Since there was a false break up of the 170.00 level in late October, it seems more likely that the pair will come out of the range downResistance level: 170.00Support levels: 167,60; 165,75Read more: Using the MACD indicator in forex ...
On the daily chart, there may be a reversal: the pair has been declining below the trend line since late September. A close below it would facilitate further declines. Another bearish signal is the rapid return of the pair below the 170.00 level, which can be interpreted as a false-break of the resistance, which makes a pullback from it more likely. Now this might be combined with a breach of the trend line. If the pair stays below the trend line, the nearest target is the nearest strong support at 167.60 (September maximum).GBP/JPY - Forex Technical Analysis for GBPJPYOn the four-hour chart pair's return below the support level of 170.00, overcoming the trend line makes continuation of decrease more probable. The 167.60 target in this scale corresponds to the lower range boundary from October 17, and a decline below 170.00 has brought the pair back into the range. On indicators of the directed movement the tendency becomes decrease, though now the tendency is weak: DM- above DM+ (but ADX level remains low), the MACD histogram is in a negative zone, the MACD line has a negative slope.Resistance levels: 170.00; 172.15Support levels: 167,60; 165,75If you are interested in GBP/JPY analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest GBP/JPY forecasts and signals contain support and resistance levels, as well as stop-loss ...
On the daily chart the pair is growing within the range, the upper boundary at 168.35 may be the target for the movement. Now the pair has almost reached the previous maximum of October (resistance at 165.75). Overcoming this level would lead to the fact that there would be no strong resistance to 168.35. If we look at the decrease in early October as a correction to the previous growth, but the end of the correction also implies that the growth will continue above 165.75.GBP/JPY - Forex technical analysis for the pair GBPJPYOn the four-hour chart there was a reversal to growth, the pair easily overcame a pair of resistance levels on October 13 and approached the strong resistance at 165.70. Given the strong momentum, it is more likely that the upward move would continue. This would lead to overcoming the strong resistance and open up space for further upside. On indicators of the directed movement the tendency became growth: excess of DM + over DM- increases, ADX level recovers, the histogram of MACD in a positive zone, the MACD line received the positive slope.Resistance levels: 165.75; 167.00Support levels: 164,50; 163,80If you are interested in GBP/JPY analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest GBP/JPY forecasts and signals contain support and resistance levels, as well as stop-loss ...
On the daily chart the pair remains above the lower boundary of the range from June 161.10. On the one hand, it has not been overcome - this increases the probability of a rebound and movement towards the upper boundary of the range (approximately 168.35). On the other hand, the absence of the rebound or the reversal formation increases the probability of overcoming the support level of 161.10. So far it is better to wait for the pair to go either below 161.10 (in which case the pair would exit the range downwards, and the potential decline may be large), or above the nearest resistance 162.00 (which preserves the movement in the range).GBP/JPY - Forex technical analysis for the pair GBPJPY on October 11On the four-hour chart, the pair has stabilized near the 161.10 level. This may continue until Thursday's release of the key data of the week - the U.S. consumer price index. Until that moment there are no news reasons to exit the current flat. Further movement is likely to be in the direction of departure from 161.10. On indicators of the directed movement flat: the histogram of MACD about zero, the MACD line is close to a horizontal, and though DM - above DM +, the gap between them isn't big. Resistance levels: 162.00; 163.80Support levels: 161,10; 160,00 If you are interested in GBP/JPY analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest GBP/JPY forecasts and signals contain support and resistance levels, as well as stop-loss ...
On the daily chart the pullback was limited by the lower boundary of the range from June 161.10. Further prospects probably depend on whether the pair will hold above this level: if it does, the movement may continue in the range with the nearest target of 165.75 (resistance level at the October high). A break-down of 161.10 might pave the way for further declines.GBP/JPY - Forex technical analysis for the currency pair GBPJPY on October 7On the four-hour chart pair passed to the reduction (relative highs and lows are decreasing), by indicators of the directional movement tendency was down: DM - above DM +, MACD histogram in the negative zone, the MACD line has a negative slope. However, given the size of the growth wave from September 26, the decline since October 5 looks like a relatively small correction. After October 5 the pair quickly declines and slowly recovers. The current bounce from 161.10 has resulted in only a very weak rise. This could be a bearish signal as it shows the weakness of the support at the moment.Resistance levels: 163.80; 164.50Support levels: 162,00; 161,10 If you are interested in GBP/JPY analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest GBP/JPY forecasts and signals contain support and resistance levels, as well as stop-loss ...
On the daily chart the growth continued, there was a close above the important resistance level 166.15 (July highs). Now this level can be considered as the nearest support. The break up on Monday and the close above the previous high can be seen as a bullish signal. In general, the continuation of the growth seems more likely with the target at the highs of June 168.35. By indicators of the directional movement the growth trend has strengthened: DM + is much higher than DM-, the ADX level grew, the MACD histogram grows in the positive zone, the MACD line has a positive slope.On the four-hour chart pair is consolidating above the previously broken level of 166.15 in a narrow range of 166.15-167.10. Since the pair has consolidated after the overcome resistance level, it is more likely to exit the consolidation upward with significant growth - but before the target of the measured movement is the resistance at 168.35. A bearish divergence of the pair's highs and MACD histogram was formed. This increases the likelihood of a pullback, but there is no confirmation of this signal (it could be a return below 166.15). On the ADX excess DM + over DM- remains.Resistance levels: 167.10; 168.35Support levels: 166,15; ...