Market Research

Technical Chart Analysis: EURUSD, GBPUSD, USDJPY

01-May-2017 @ 11:26 AM

EURUSD Technical Analysis:

The overall bias still remains neutral, but due to the fact, that the pair is currently near to the lower boundary of the trading range between 1.0830-1.0950. An upmove is to be expected, towards 1.0950 peak. A break through the latter will challenge 1.1000 area. Key support lies at 1.0830.

EURUSD H4 Chart:


GBPUSD Technical Analysis:

The intraday bias is bullish above 1.2860 minor support, for a rise towards 1.3000 sentiment area. Next major resistance is projected at 1.3120.

GBPUSD H4 Chart:


USDJPY Technical Analysis:

The intraday outlook is positive, looking for breaking resistance level at 111.75. A breakout of this resistance can bring this pair towards next resistance. Major resistance lies at 112.26.


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