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, GBPJPY, and GBPUSD finished positive for the week. EURJPY and EURUSD finished down for the week. USD Index continued to hold 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 - 93.03.

Daily support at 90.74, resistance at 92.24-34.

Price advanced and tested the 92.43 weekly resistance level last week. Will price hold or break above the 92.43 weekly resistance level this week?

AUDUSD Daily chart:

Monthly support at 0.6247, resistance at 0.6967.

Weekly support at 0.6573 and 0.6564, resistance at 0.6629.

Daily support at 0.6490, resistance at 0.6604.

Price rallied back to the 0.6629 weekly resistance level last week. Will price hold at the 0.6629 weekly resistance level and decline back below the 0.6573-64 weekly support area 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 148.58, resistance at 151.06.

Price declined and closed just above the 149.77 monthly support level last week. Will price decline back below the 149.77 monthly support level and form a lower top on the daily chart 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 1.0694, resistance at 1.0759.

Price declined and tested the 1.0635 monthly support level last week. Will price decline and move below 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 172.52, resistance at 174.27.

Price continued to advance 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 1.2391, resistance at 1.2546.

Price rallied back to retest the 1.2546 daily resistance level last week. Will price hold below the 1.2448 monthly resistance level and continue to decline this week?

Disclaimer: Trading involves risk.

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