Technical analysis and forecast for EURUSD today 05/26/2017
Attempts to strengthen the EURUSD capped at 1.1250. At the moment the price went under the mark, but still managed to defend this level, though, and finished trading with a small loss. On the daily chart momentum indicator slightly increased the downward momentum, but overall the technical picture looks more neutral. Quotes are not able to gain a foothold above the 20- and 100-hour moving average, and this indicates a limited potential for growth in the euro in the short term. In case of loss of the psychological 1.12 level of pressure on the pair will increase, but a decrease is likely to be moderate.
The resistance of the EURUSD : 1.1220, 1.1250, 1.1265, 1.1300, 1.1320, 1.1355, 1.1400.
Support for the EURUSD : 1.1200, 1.1170, 1.1140, 1.1120, 1.1100, 1.1075, 1.1045, 1.1025, 1.1000, 1.0960, 1.0915, 1.0900, 1.0870, 1.0840, 1.0825, 1.0800, 1.0770, 1.0740, 1.0700, 1.0670, 1.0630, 1.0600, 1.0580.
Technical analysis and forecast GBPUSD today 26/05/2017
GBPUSD attempted to test the 1.30 mark, but once again encountered offera and slipped to 1.2930 area. Technical indicators on the daily and 4-hour charts signal the prevailing downside risks. During the day, the pair rose above the 100-hour moving average, but was not able to defend the position. Also on the hourly chart short moving average crossing forms a long southward. It is a sign of short-term bearish. Near term support is provided in the form of the aforementioned intraday low.
Resistance GBPUSD : 1.2960, 1.2980, 1.3000, 1.3015, 1.3040, 1.3050, 1.3060, 1.3100, 1.3120, 1.3150, 1.3200.
Support GBPUSD : 1.2930, 1.2900, 1.2875, 1.2860, 1.2840, 1.2800, 1.2770, 1.2730, 1.2700, 1.2680, 1.2630, 1.2615, 1.2600, 1.2520, 1.2500, 1.2480, 1.2440, 1.2425, 1.2400, 1.2365, 1.2330.
Technical analysis and forecast for USDJPY today 26/05/2017
USDJPY consolidated, but has not mastered the mark 112.00. The pair played the incurred losses on the eve of, completing trades near the upper boundary of the intraday range. Technical indicators on the daily and short-term chart shows a neutral attitude with a slight bullish bias. However, for more reliable lifting require clean 112.00 breakdown level with the next target at 112.15, which extends intermediate resistance, blocking the path to the field of 112.50.
Support for USDJPY : 110.60, 110.00, 109.60, 109.50, 109.00, 108.70, 108.55, 108.30, 108.10, 108.00, 107.65, 107.30, 107.00.
Resistance USDJPY : 112.00, 112.15, 112.30, 112.50, 112.80, 113.00, 113.40, 113.60, 114.00, 114.40, 114.70, 115.00, 115.40, 116.00, 116.35, 116.75.
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