EURO/DOLLAR
A rather tight range yesterday. A break above the 1.4190 indicates a short term break of the range and a target of 1.4220. The target beyond is 1.4320 if the pair continues to push higher.
A break below 1.4100 indicates another swing down with target at 1.4030 and 1.4000.
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USD/JPY
Support is at 95.40 and 95.00. A break below 95 will likely probe into the 94.50 area. There is an upward sloping trend line which currently is running through 95.40. So a move below this level shifts the overall bias for the pair downwards.
Upside resistance is 96.10 and just below 96.60.
Forex trading analysis by Forexpros.com – Written by Corey Mitchell
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