FOREX Technical Analysis: British Pound Slips in Early Week Trading

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.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3595+0.0007+0.05%
    USDSGD=X
    1.5532+0.0036+0.24%
    EURSGD=X
    1.9645-0.0034-0.17%
    GBPSGD=X
    78.4634-0.4887-0.62%
    SGDJPY=X
    5.7084-0.0038-0.07%
    SGDHKD=X
    2.9392-0.0145-0.49%
    SGDMYR=X
    9,803.0928-23.5996-0.24%
    SGDIDR=X
    4.7821-0.0055-0.11%
    SGDCNY=X
    1.0006-0.0137-1.35%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,295.80+23.50+1.85%
    GCM16.CMX
    17.58+0.25+1.43%
    SIN16.CMX
    89.40+4.25+4.99%
    ^XAU
    2.160.00+0.12%
    HGN16.CMX
    45.08+0.76+1.71%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.20-0.01
    ^FVX
    1.76+0.01
    ^TNX
    2.62+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.405-0.020-4.71%
    N21.SI
    0.215+0.015+7.50%
    AFC.SI
    0.37-0.01-2.63%
    E5H.SI
    3.76-0.02-0.53%
    Z74.SI
    1.81-0.06-3.21%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.445+0.075+20.27%
    BLR.SI
    0.25+0.04+19.05%
    508.SI
    0.48+0.07+18.52%
    5DP.SI
    0.51+0.05+12.09%
    BMA.SI
    0.12+0.01+8.11%
    AVX.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.18-0.03-16.28%
    B26.SI
    0.24-0.04-14.29%
    BHO.SI
    0.245-0.035-12.50%
    5CF.SI
    0.225-0.025-10.00%
    A04.SI
    0.185-0.020-9.76%
    F86.SI