By: Investija
EURUSD Technical analysis
EURUSD, bears have tried to decline the price, however bulls are slowly recovering it after the sharp fall. While bulls keep themselves above ex-resistance at 1.4444, look for buying opportunities. Above 1.4545 price level, bulls can initiate a positive trend.
USDJPY Technical analysis
USDJPY, it looks like that bears are getting more confidence with each bearish candle. Even though bears are sliding downside, while support level at 91.35 holds, bulls can feel safe. Long term trend remains positive. It is better to wait while situation calms down.
EURGBP Technical analysis
EURGBP situation stays bearish, however this is only short term position. Resistance level remains at 0.9017, support line holds at 0.8939. While these barriers are valid, further bouncing is expected. Stronger movements are possible after a breakout.
USDCAD Technical analysis
USDCAD is in consolidation between support-1.0259 and resistance-1.0420 levels. Negative trend is valid for this pair, bears are more confident. In order to make some positive changes for this pair, at first bulls need to recover the price back to resistance level.
