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  #151  
Old 06-23-2017, 03:54 AM
FXTechstrategy FXTechstrategy is offline
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Default EURGBP: Continues To Retain Its Upside Pressure

EURGBP- The cross continues to retain its short term uptrend as it looks to resume upside pressure. Support lies at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break will expose the 0.8700 level. Resistance resides at the 0.8850 level where a violation if seen will turn risk towards the 0.8900 level. Further up, resistance resides at 0.8950 level followed by the 0.9000 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, EURGBP remains biased to the upside on recovery.

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  #152  
Old 06-23-2017, 08:04 PM
FXTechstrategy FXTechstrategy is offline
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Default GBPUSD: Recovers Higher Within Trading Range

GBPUSD: The pair continues to face upside pressure but within its established range. Support lies at the 1.2700 level where a break will turn attention to the 1.2650 level. Further down, support lies at the 1.2600 level. Below here will set the stage for more weakness towards the 1.2550 level. Conversely, resistance stands at the 1.2800 levels with a turn above here allowing more strength to build up towards the 1.2850 level. Further out, resistance resides at the 1.2900 level followed by the 1.2950 level. On the whole, GBPUSD continues to face upside threats.

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  #153  
Old Yesterday, 10:20 PM
FXTechstrategy FXTechstrategy is offline
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Default EURUSD: Rejects Lower Prices, Eyes Further Recovery

EURUSD: With the pair seeing rejecting lower prices to close higher the past week, further bullishness is likely. Resistance comes in at 1.1200 level with a cut through here opening the door for more upside towards the 1.1250 level. Further up, resistance lies at the 1.1300 level where a break will expose the 1.1350 level. Its weekly RSI is bullish and pointing higher suggesting more strength. Conversely, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level. All in all, EURUSD faces further upside threats on price rejection.

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