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USDJPY Loses upside momentum

Daily analysis
USDJPY printed a rejection to halt its upside offensive and close lower the past week. This price action has created downside risk as we enter a new week. On the downside, support comes in at the 121.45 level. A turn below here will open the door for more weakness targeting the 121.89 level and followed by the 121.65 level. A cut through here will bring additional weakness towards the 121.36 level.
Weekly analysis

USDJPY opened the week at 121.74 and touched a high of 121.85. The …
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USD/CHF Loses upside momentum

Daily analysis
USDCHF printed a rejection to halt its upside offensive and close lower the past week. This price action has created downside risk as we enter a new week. On the downside, support comes in at the 0.9600 level. A turn below here will open the door for more weakness targeting the 0.9550 level and followed by the 0.9600 level. A cut through here will bring additional weakness towards the 0.9550 level.
weekly analysis
Weekly RSI is bearish and pointing lower suggesting further weaknes…
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Clear Image of Bearish trend on GBP/USD

Daily analysis

GBP/USD opened the week at 1.5433 and touched a high of 1.5507. The pair then reversed directions, dropping to a low of 1.5302, as support held firm at 1.5269. The pair closed the week at 1.5309.
Technical lines from top to bottom 1.5825 was an important cap in November 2014. 1.5769 is the next resistance line. 1.5682 was a key resistance line in December 2014 and January 2015. 1.5590 is the next line of resistance. 1.5485 was a cap in the first half of September. 1.5341 continue…
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Daily and weekly Long potential

Daily analysis
1.1875
was the low seen in 2010 and also capped the pair earlier this year. The August high of 1.1712 is the next line.
1.1680
capped the pair in January on its way down. The next line is a clear separator of ranges: 1.1535. It was last seen in January as well.The very round 1.15 level is of importance thanks to its psychological role. It is closely followed by 1.1460 that served as resistance earlier in the year.
weekly analysisThe historic line of 1.1373 from Novem
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