Weekly Technical Analysis: 29/01/2018 – USDJPY, EURUSD, GBPUSD, GBPJPY

Last update January 30, 2018

Raffi Boyadjian January 30, 2018 SNB & CHF

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Summary:
USD/CHF The USDCHF pair shows some bullish bias to approach retesting the previously broken support that turns into key resistance now at 0.9418, noticing that stochastic loses its bullish momentum clearly to reach the overbought areas, while the EMA50 forms continuous negative pressure against the price. Therefore, our bearish overview will remain active for today unless breaching 0.9418 level and holding above it, reminding you that our waited targets begin at 0.9250 and extend to 0.9035 after breaking the previous level. Expected trading range for today is between 0.9300 support and 0.9440 resistance. USD/CHF, January 30(see more posts on USD/CHF, ) Source: economies.com - Click to enlarge USD/JPY

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Raffi Boyadjian considers the following as important: Australian Dollar, Bollinger Bands, British Pound, Canadian Dollar, Crude Oil, EUR/USD, Euro, Euro Dollar, Featured, FX Trends, Gold, Japanese Yen, MACDs Moving Average, newsletter, RSI Relative Strength, S&P 500 Index, S&P 500 Index, Stochastics, Swiss Franc Index, U.S. Dollar Index, U.S. Treasuries, USD/CHF, USDJPY

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USD/CHF The USDCHF pair shows some bullish bias to approach retesting the previously broken support that turns into key resistance now at 0.9418, noticing that stochastic loses its bullish momentum clearly to reach the overbought areas, while the EMA50 forms continuous negative pressure against the price. Therefore, our bearish overview will remain active for today unless breaching 0.9418 level and holding above it, reminding you that our waited targets begin at 0.9250 and extend to 0.9035 after breaking the previous level. Expected trading range for today is between 0.9300 support and 0.9440 resistance.	USD/CHF, January 30 (see more posts on USD/CHF, ) Source: economies.com - Click to enlarge
USD/JPY <span style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" data-mce-type="bookmark" class="mce_SELRES_start"></span><span style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" data-mce-type="bookmark" class="mce_SELRES_start"></span>	USD/JPY with Technical Indicators, January 29 (see more posts on USD/JPY, ) - Click to enlarge
EUR/USD [embedded content]	EUR/USD with Technical Indicators, January 29 (see more posts on EUR/USD, ) - Click to enlarge
GBP/USD [embedded content]	GBP/USD with Technical Indicators, January 29 (see more posts on British Pound, ) - Click to enlarge
GBP/JPY <span style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" data-mce-type="bookmark" class="mce_SELRES_start"></span>	GBP/JPY with Technical Indicators, January 29 (see more posts on GBP/JPY, ) - Click to enlarge