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
    1.3388-0.0142-1.05%
    USDSGD=X
    1.4946-0.0041-0.27%
    EURSGD=X
    1.7679-0.0127-0.71%
    GBPSGD=X
    75.9420-1.817-2.34%
    SGDJPY=X
    5.7885+0.0592+1.03%
    SGDHKD=X
    3.0067+0.0161+0.54%
    SGDMYR=X
    9,779.4102+98.335+1.02%
    SGDIDR=X
    4.9538+0.0358+0.73%
    SGDCNY=X
    1.0165+0.0012+0.12%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,357.90+16.70+1.25%
    GCZ16.CMX
    20.39+0.19+0.96%
    SIU16.CMX
    110.28+2.54+2.35%
    ^XAU
    2.23+0.02+0.88%
    HGU16.CMX
    41.38+0.24+0.58%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.03-0.06
    ^FVX
    1.46-0.05
    ^TNX
    2.18-0.05
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.162-0.004-2.41%
    N21.SI
    0.360.000.00%
    E5H.SI
    4.18-0.11-2.56%
    Z74.SI
    0.7850.0000.00%
    G13.SI
    0.30-0.01-4.76%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.179+0.023+14.74%
    AYL.SI
    0.36+0.04+12.50%
    BPF.SI
    0.315+0.035+12.50%
    AWK.SI
    0.58+0.06+11.54%
    BDR.SI
    0.21+0.02+10.53%
    AYD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.05-21.57%
    AZT.SI
    0.305-0.075-19.74%
    42E.SI
    0.20-0.04-16.67%
    BTF.SI
    0.17-0.03-15.00%
    RF7.SI
    0.102-0.017-14.29%
    T13.SI