Back

EUR/USD, potential 1.3280 breakout leads to 1.3303/1.3363 targets - 2ndSkies

FXstreet.com (Barcelona) - EUR/USD continues to press against the 1.3280 key resistance, levelhighlighted yesterday by JPMorgan Asia-based Strategists, and that now looks increasingly vulnerable to be broken as price action indicates pre-breakout conditions in place.

According to renowned Trader and Founder of 2ndSkies, Chris Capre, "the pair is pushing up against the 1.3273 level and showing the potential for another intra-day price action breakout."

Capre adds: "Notice the several rejections off the inta-day resistance with each rejection getting weaker (sellers being absorbed by the buyers), along with holding above the 20ema after a short move below and quick recovery."

In view of Capre, if the breakout is confirmed, 1.3303 will be the next target, "with a potential follow through move up towards 1.3363" Capre adds. On the contrary, a 4hr candle close below 1.3200 invalidates the bullish bias, Capre argues.

AUD/JPY appears higher post-breakout; “overbought” label calls for pause

The recent trend in bullish Aussie data and neutral / bearish Japanese data has bulled the AUD/JPY through resistance easily with designs on going much higher.
Baca lagi Previous

GBP/JPY eyes next upside target of 158.46 after convincing breakout

The GBP/JPY has rallied through “correction support” at 155.81 like a hot knife through butter. Now, the overbought cross has traders eyeing next resistance just ahead at 158.46.
Baca lagi Next