Analytics 02.02

EURUSD

After an upward movement on Monday the pair shows a desire to continue its upward rally. AO indicator is in positive zone above line of balance and line of support/resistance. Horizontal area of thickening of movings shows us that the price is in stable condition and the pair is going to move in a definite trade range.

The nearest resistance is a weekly pivot R1 1.09353. If we fix above we can aim at monthly pivot R1 1.09740.

Potential area of support is an area limited by main daily pivot 1.08775 and main weekly pivot 1.08625. Below we can aim at main monthly pivot 1.08408, after which we have an opportunity to reach point 1.08080.    

Daily levels of support: 1.08775, 1.08625, 1.08408

Daily levels of resistance: 1.09353, 1.09661, 1.09740

GBPUSD

The pair could break main monthly pivot 1.43783 on Monday and fixed above. AO indicator is in positive zone above line of balance and line of support/resistance. The nearest maximums were renewed and movings are shifting. Current support is an area 1.43846 (weekly pivot R1)-1.43783 (main monthly pivot)-1.43680 (main daily pivot). If the price move upward our potential target area will be an area 1.45010-1.45309 (weekly pivot R2). If the price fixes below area of support we can return to main weekly pivot 1.42669, where we have the thickening of movings.

Daily levels of support: 1.43783, 1.42912, 1.42669

Daily levels of resistance: 1.44605, 1.45010, 1.45309

USDJPY

The pair met a resistance at point 121.301 and could not fix above. AO indicator is in negative zone below line of balance and line of support/resistance. Potential support is a main weekly pivot 120.153, where we have the defining movings. Below we can aim at main monthly pivot 119.592.

If the pair moves upward above main daily pivot 120.992 we can return to a resistance. Then we have a way to reach point 121.749.

Daily levels of support: 120.544, 120.153, 119.592

Daily levels of resistance: 120.992, 121.301, 121.749