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 EURUSD and GBPUSD finished positive for the week. AUDJPY, AUDUSD, EURJPY, and GBPJPY finished down for the week. USD declined and closed below the 103.40 weekly support level.

AUDJPY Daily chart:

Monthly support at 87.01 and 86.24, resistance at 90.51.

Weekly support at 86.24, resistance at 87.28.

Daily support at 86.24, resistance at 87.12.

Price declined and closed below the 87.01 monthly support level last week. Will price continue to decline and move below the 86.24 monthly support level this week?

AUDUSD Daily chart:

Monthly support at 0.6247, resistance at 0.6967.

Weekly support at 0.6629, resistance at 0.6893.

Daily support at 0.6589, resistance at 0.6716.

Price declined down from the 0.6716 daily resistance level last week. Will price continue to decline and move below the 0.6629 weekly support level this week?

EURJPY Daily chart:

Monthly support at 137.49, resistance at 144.26.

Weekly support at 139.54, resistance at 145.56.

Daily support at 138.82, resistance at 142.14.

Price declined and retested the 139.54 weekly support level last week. Will price continue to decline and move below the 139.54 weekly support level this week?

EURUSD Daily chart:

Monthly support at 1.0635, resistance at 1.0879.

Weekly support at 1.0736, resistance at 1.1033.

Daily support at 1.0759, resistance at 1.0802.

Price advanced and tested the 1.0929 daily resistance level last week. Will price hold the uptrend or move back below the 1.0736 weekly support level this week?

GBPJPY Daily chart:

Monthly support at 156.07, resistance at 168.72.

Weekly support at 155.35, resistance at 161.80.

Daily support at 158.54, resistance at 161.20.

Price declined and tested the 158.54 daily support level last week. Will price continue to decline and move below the 158.54 daily support level this week?

GBPUSD Daily chart:

Monthly support at 1.1958, resistance at 1.2391.

Weekly support at 1.1915, resistance at 1.2293.

Daily support at 1.2203, resistance at 1.2263.

Price advanced and tested the 1.2293 weekly resistance level last week. Will price hold at resistance and decline back below the 1.2203 daily support level this week?

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