TECHNICAL ANALYSIS USDJPY WEEKLY CHART


USDJPY remains in a bear channel but we see significant support around 102.80 (long- term support line). Hence, even though we expect some softness over the coming week or two, we also expect a recovery towards 108.15, potentially the top of the bull channel around 110.50-111.00. Below 102.80 to open a long-term decline.


FX


Currency Pair USDJPY


AUDUSD WEEKLY CHART


AUDUSD continue to remain choppy and we expect this to persist over the coming weeks and months. There is strong support around .7502 and while above we expect a move higher towards .7800-.7900 given the choppy nature of recent moves. Below .7502 will be needed to avert upside hopes instead open possibility of a deeper decline to .7160-.7250 area.


Current price 106.18


Q2 End Target 108.15


Key Reversal Area 102.80


Currency Pair AUDUSD


Current price 0.7675


Q2 End Target 0.7900


Key Reversal Area 0.7502


FX TRADER MAGAZINE April - June 2018 51


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56