Daily Technical Analysis Forex & DJIA

Daily Forex Technicals | Written by Mizuho Corporate Bank
EURUSD
Comment: Trying to base against the 26-day moving average and retracement support. Yesterday's bounce was decent but not conclusive so allow for more of the same today.
Strategy: Attempt longs at 1.3890; stop below 1.3800. Short term target 1.4020, then 1.4245. Direction of Trade: →↗Chart Levels:
Support Resistance
1.3853 " 1.3938
1.38 1.4023
1.3790/1.3775* 1.4050/1.4065*
1.3725 1.41
1.3600* 1.417
GBPUSD
Comment: Bouncing smartly from retracement and trendline support, and the 26-day moving average which all cluster around 1.5800, despite an appalling political situation. Two-way price action should keep the bid tone to implied volatility.
Strategy: Attempt small longs at 1.6035, adding to 1.5855; stop below 1.5800. First target 1.6100, then 1.6200. Direction of Trade: →↗Chart Levels:
Support Resistance
1.5985 " 1.6105*
1.5800* 1.6155
1.575 1.62
1.57 1.6245
1.5514* 1.6435
USDJPY
Comment: Hovering above the top of the Ichimoku 'cloud', which gets very thin at the end of next week, the summer solstice. Expect more cautious random small swings today and probably all week. Strategy: Possibly attempt small shorts at 98.10, adding to 98.55; stop above 99.25. First target 97.65 then 96.00
Direction of Trade: → Chart Levels:
Support Resistance
98.00 " 98.58
97.87 98.85/99.00*
97.57 99.49/99.60
97 99.69/99.80*
96 100
Daily Forex Technicals | Written by FXtechtrade
EUR/USD
Today's support: - 1.3842, 1.3826 and 1.3792(main), where correction is possible. Break would give 1.3767, where correction also may be. Then follows 1.3719. Break of the latter would result in 1.3680. If a strong impulse, we would see 1.3663. Continuation will give 1.3635. Today's resistance: - 1.3953, 1.3997 and 1.4036(main). Break would give 1.4079, where a correction is possible. Then goes 1.4126. Break of the latter would result in 1.4153. If a strong impulse, we'd see 1.4176. Continuation will give 1.4220.
USD/JPY
Today's support: - 97.58 and 97.42(main). Break would bring 97.23, where correction is possible. Then 96.90, where a correction may also happen. Break of the latter will give 96.77. If a strong impulse, we would see 96.40. Continuation would give 96.17. Today's resistance: - 98.58, 98.78 and 99.26(main), where a correction may happen. Break would bring 99.47, where also a correction may be. Then 9977. If a strong impulse, we would see 99.93 Continuation will give 100.24.
DOW JONES INDEX
Today's support: -8724.32, 8673.70, 8634.17 and 8561.40(main), where a delay and correction may happen. Break of the latter will give 8495.80, where correction also can be. Then follows 8463.00. Be there a strong impulse, we would see 8426.22. Continuation will bring 8392.44. Today's resistance: - 8808.80 and 8842.72(main), where a delay and correction may happen. Break would bring 8858.37, where a correction may happen. Then follows 8887.46, where a delay and correction could also be. Be there a strong impulse, we'd see 8910.00. Continuation would bring 8927.28