The dollar is making some new highs vs GBP, JPY and CHF

Technical Analysis

GBPUSD tests 1.2500

The dollar has been moving higher over the last few minutes with new session highs vs the GBP, JPY and CHF specifically.

For the GBPUSD, the pair is testing the 1.2500 level. The June 18 low wasa at 1.25053. The low from Friday cracked that level and moved to a low of 1.24805. A December 2018 low reached 1.24748. The January flash crash low reached to 1.24417 (on Bloomberg).  Those are targets on more weakness. 

The USDJPY moved above last week’s highs at 108.63 and has the 50% at 108.715 and the June high at 108.796 as the next targets.

The USDCHF has moved aobvce a trend line and the 200 bar MA on the 4-hour at the 0.99202 level. Stay above is more bullish.   THe 0.99595 (50% retracement) and the 200 day MA at 0.99791 are upside targets now.

USDCHF has broken above trend line and MA resistance

ForexLive

Products You May Like

Articles You May Like

Mexico’s radical president serves up economic mediocrity
USD/CHF holds steady around 200-DMA, just above mid-0.9900s
RSI Forex Trading| BEST RSI STRATEGY makes 200+ PIPS a DAY
Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time
Australia AiG Performance of Construction Index rose from previous 42.6 to 43.9 in October

Leave a Reply

Your email address will not be published. Required fields are marked *