Partner Center Find a Broker

The weekend’s over, folks – it’s time to get back to business! Here are this week’s charts on EUR/JPY, GBP/JPY, and EUR/GBP!

EUR/JPY

EUR/JPY Hourly Chart

One level I’ll be watching closely on EUR/JPY is 124.00, since it could either act as support or as the neckline of a double top formation. Up north, I’ll be looking for potential setups near the confluence zone around the previous week high (PWH) and 126.00 handle.

  • WO: 124.57
  • Top WATR: 126.42
  • Bottom WATR: 122.72
  • PWH: 125.97
  • PWL: 121.13

GBP/JPY

GBP/JPY Hourly Chart

A break of the week open (WO) or 143.00 could lead to further losses for GBP/JPY, so you can bet your bottom dollar that I’ll be keeping tabs on that area. I’ve also got my eye on the bottom WATR for a potential retracement play. As you can see, price found strong resistance around that level last week, so there’s a chance it could show interest again this week.

  • WO: 143.09
  • Top WATR: 144.86
  • Bottom WATR: 141.32
  • PWH: 144.74
  • PWL: 140.21

EUR/GBP

EUR/GBP Hourly Chart

Lastly, we have EUR/GBP, which presents a potential resistance zone around the PWH. Down south, the only clear major area of interest that I see lies around the previous week low (PWL) and the .8600 handle, which has served as support for the past four weeks or so.

  • WO: .8707
  • Top WATR: .8778
  • Bottom WATR:.8636
  • PWH: .8743
  • PWL: .8588

Risk Disclosure
2012 Trading Performance Review
Read about my trading framework
Follow me on MeetPips.com
Follow me on Twitter
Like my Facebook page
Join my circle on Google+

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.