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 down for the week. The first trading day of July was very negative across all these pairs with AUDUSD closing below the 0.6826 monthly support level.
AUDJPY Daily chart:
Monthly support at 90.72 and 90.29, resistance at 97.29.
Weekly support at 87.28, resistance at 94.31, 95.73, and 96.87.
Daily support at 91.95 and 91.16, resistance at 92.64 and 94.02.
Price declined down from the 94.02-31 daily/weekly resistance area last week. Will price continue to decline and retest the 90.72-29 monthly support levels this week?
AUDUSD Daily chart:
Monthly support at 0.6722 and 0.6671, resistance at 0.6826, 0.6967, and 0.6991.
Weekly support at 0.6722, resistance at 0.6828.
Daily support at 0.6722, resistance at 0.6850 and 0.6869.
Price broke below the 0.6826 monthly support level last week. Will price continue to decline and test the 0.6722 and 0.6671 monthly support levels this week?
EURJPY Daily chart:
Monthly support at 137.49 and 134.12, resistance at 141.04 and 145.68.
Weekly support at 139.99 and 137.52, resistance at 144.24.
Daily support at 139.38 and 138.31, resistance at 141.39.
Price formed a triple top at the 144.24 weekly resistance level last week. Will price continue to decline and retest the 138.31 daily support level this week?
EURUSD Daily chart:
Monthly support at 1.0340, resistance at 1.0462, 1.0522, and 1.0635.
Weekly support at 1.0349, resistance at 1.0727 and 1.0787.
Daily support at 1.0359, resistance at 1.0469, 1.0601, and 1.0627.
Price declined down from the 1.0601 daily resistance level last week. Will price continue to decline and test the 1.0340 monthly support level this week?
GBPJPY Daily chart:
Monthly support at 158.21, resistance at 168.01.
Weekly support at 159.98 and 158.06, resistance at 168.42 and 168.72.
Daily support at 161.85 and 161.00, resistance at 164.64 and 166.93.
Price declined below the 164.64 daily support level last week. Will price continue to decline and test the 159.98 weekly support level this week?
GBPUSD Daily chart:
Monthly support at 1.1986, 1.1958, and 1.1645.
Weekly support at 1.2074 and 1.1933, resistance at 1.2155, 1.2195, 1.2251, and 1.2667.
Daily support at 1.1933, resistance at 1.2161, 1.2332, and 1.2407.
Price declined and retested the 1.1986 monthly support level last week. Will price continue to decline and test the 1.1933 weekly support level this week?
This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.