Afternoon Technicals (all charts)

Other TA (crosses, COT, etc.)

FOREX Trading and Technical Analysis Observations

EUR/USD-As focused in FX Technical Weekly, the EUR/USD decline from Thursday’s high (12801) is impulsive which suggests that the larger downtrend has resumed. I am short as of this morning (from 12770, released via Twitter @JamieSaettele) with a 12805 stop. Exceeding 12801 would shift focus to former supports at 12824 and 12882.

AUD/USD-is nearing resistance from the 61.8% retracement of the decline from 10480 at 10406. I’m on the lookout for a top and reversal but understand that RBA minutes are due tonight. Exceeding 10480 would shift focus to 10550 (again).

USD/JPY-is showing signs (JS Spike bars on multiple time frames) of topping. The rally from 9/13 may be complete in 5 waves. Wave 5, from the 11/9 low, is also in 5 waves. Considering the 61.8% retracement of the decline from March at 8148, risk is to the downside.

AUD/JPY-is approaching a potentially HUGE pivot near 8500.

EUR/USD – 60 Minute Bars

FOREX_Technical_Analysis_British_Pound_Slips_in_Early_Week_Trading_body_eurusd.png, FOREX Technical Analysis: British Pound Slips in Early Week Trading

Prepared by Jamie Saettele, CMT

USD/JPY – Daily Bars

FOREX_Technical_Analysis_British_Pound_Slips_in_Early_Week_Trading_body_usdjpy.png, FOREX Technical Analysis: British Pound Slips in Early Week Trading

Prepared by Jamie Saettele, CMT

AUD/USD – Daily Bars

FOREX_Technical_Analysis_British_Pound_Slips_in_Early_Week_Trading_body_audusd.png, FOREX Technical Analysis: British Pound Slips in Early Week Trading

Prepared by Jamie Saettele, CMT

AUD/JPY – Weekly Candles

FOREX_Technical_Analysis_British_Pound_Slips_in_Early_Week_Trading_body_audjpy.png, FOREX Technical Analysis: British Pound Slips in Early Week Trading

Prepared by Jamie Saettele, CMT

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3514+0.0012+0.09%
    USDSGD=X
    1.4730+0.0046+0.31%
    EURSGD=X
    2.0741-0.003-0.15%
    GBPSGD=X
    91.5865+0.4333+0.48%
    SGDJPY=X
    5.7421+0.0008+0.01%
    SGDHKD=X
    2.7018+0.0066+0.24%
    SGDMYR=X
    9,749.1533-50.8848-0.52%
    SGDIDR=X
    4.5890-0.0056-0.12%
    SGDCNY=X
    1.0442-0.0004-0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,186.90-0.10-0.01%
    GCM15.CMX
    16.67-0.07-0.42%
    SIN15.CMX
    68.78+0.09+0.13%
    ^XAU
    2.77-0.01-0.34%
    HGN15.CMX
    57.61-0.42-0.72%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.53+0.01
    ^FVX
    2.130.00
    ^TNX
    2.88-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.71+0.01+1.43%
    Q1P.SI
    0.805-0.020-2.42%
    N21.SI
    0.290.000.00%
    5WA.SI
    0.34+0.01+3.03%
    AFC.SI
    0.20+0.01+3.63%
    5OU.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    1.25+0.24+23.15%
    AYO.SI
    0.189+0.031+19.62%
    GJ8.SI
    0.30+0.05+17.65%
    AYE.SI
    0.149+0.014+10.37%
    L10.SI
    0.16+0.02+10.34%
    5GI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.19-0.06-24.00%
    41H.SI
    1.48-0.30-16.85%
    AYB.SI
    1.32-0.21-13.73%
    AYN.SI
    0.12-0.02-13.04%
    5IF.SI
    0.375-0.040-9.64%
    AWK.SI