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, and GBPJPY finished positive for the week. EURUSD and GBPUSD finished down for the week. USD Index finished positive for the week closing above the 103.00 level.

AUDJPY Daily chart:

Monthly support at 90.51 and 87.01, resistance at 96.87.

Weekly support at 87.28, resistance at 92.81.

Daily support at 90.77, resistance at 91.86 - 92.43.

Price advanced and tested the 91.86 - 92.43 daily resistance area last week. Will price hold at the 91.86 - 92.43 daily resistance area 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 0.6805.

Daily support at 0.6619, resistance at 0.6771.

Price held at the 0.6629 weekly support level last week. Will price decline below the 0.6629 weekly support level this week?

EURJPY Daily chart:

Monthly support at 148.39, resistance at 149.77.

Weekly support at 146.72, resistance at 151.61.

Daily support at 148.62, resistance at 149.62.

Price advanced and tested the 149.77 monthly resistance level last week. Will price hold at resistance and decline down and retest the 148.39 monthly support level this week?

EURUSD Daily chart:

Monthly support at 1.0635, resistance at 1.1215.

Weekly support at 1.0736, resistance at 1.1033.

Daily support at 1.0759, resistance at 1.0831.

Price declined down from the 1.0900 level last week. Will price decline, test, and move below the 1.0736 weekly support level this week?

GBPJPY Daily chart:

Monthly support at 168.72, resistance at 172.13.

Weekly support at 169.27, resistance at 172.13.

Daily support at 171.17, resistance at 172.32.

Price advanced and tested the 172.13 monthly resistance level last week. Will price hold at the 172.13 monthly resistance level and decline back down the range this week?

GBPUSD Daily chart:

Monthly support at 1.2448, resistance at 1.2661.

Weekly support at 1.1915, resistance at 1.2667.

Daily support at 1.2435 and 1.2367, resistance at 1.2546.

Price declined down from the 1.2546 daily resistance level last week. Will price hold the downtrend and move below the 1.2448 monthly support level this week?

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