USD/JPY: Intraday trade extending sharp decline

Interested in more FX key technical levels? Take a look at Swissquote's daily technical outlook.

EUR/USD Daily

Sharp rebound from last session's low of 1.1087 is keeping this currency pair on a firm undertone during intraday trading and break of last week's high of 1.1246 will help bulls regain footing to the objective of broken triangle at 1.1270 then 1.1306. [W.T]

EUR/CHF Daily

Negative stance seen on daily tools is keeping the corrective pullback from 1.1200 high in play and slip of 1.1019 support will extend correction to 1.0982 then 1.0957. Only lift above 1.1096 resistance to jeopardise current setback. [W.T]

USD/CHF Daily

Intraday trade extending the downmove from 1.0257 high and eyeing the strong support at 0.9786 and with daily technical tools intruding into oversold territories, would expect the latter to put up a strong fight to current downmove and probably trigger a strong rebound from the latter. [W.T]

GBP/USD Daily

View little changed from earlier update with reversal from last week's high of 1.4668 helping to retain downside pressure and with negative stance seen on daily tools, further weakness eyes lower support at 1.4327 then 1.4229. [W.T]

USD/JPY Daily

Intraday trade extending sharp decline and within sight of the 23.6% mark of the major 75.31-125.86 up-leg at 113.93 and break will be an added boost on the downside. Recovery to attract fresh sellers. [W.T]

EUR/GBP Daily

Another strong rally last session with the break above .7756 strong resistance bodes well for bulls as it sets the bigger upmove from .6983 low back in motion and poised for extension to next resistance at .7800 ahead of .7830. Dips to attract buyers. [W.T]

Download Full Technical Update

Share: Analysis feed

This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector.
This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange.
Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.