Weekly technical analysis for 3 - 7.12, 2012

Forex-Metal Weekly: Market review. Technical analysis.

EURUSD

The pair seems to draw the Flag pattern. The pair is trying to break upper level of figure’s resistance is 1.29560. The end of the figure maybe expected at 1.35348

Resistance: 1.33427, 1.37441, 1.41130

Support: 1.28800, 1.25667, 1.20280



GBPUSD

The pair is testing Flag’s resistance 1.59962. If the pair stays above this level the pair will rise to 1.64274, if the Moving Average (200) 1.61757 will be broken.

Resistance: 1.64274, 1.68504, 1.72652

Support: 1.59962, 1.52523, 1.48532

USDCHF

If he pair stays below 0.93264 the pair will decline to 0.91074.

Resistance: 0.93264, 0.96597, 0.99031

Support: 0.91074, 0.88022, 0.85633

USDJPY

The pair is working out the Triangle figure. The end of the figure maybe expected at 83.330.

Resistance: 83.330, 86.836, 90.909

Support: 80.244, 76.535, 73.126

AUDUSD

The pair is consolidating in the narrowing Triangle. Upper resistance is 1.05810. Lower support is 1.00031.

Resistance: 1.05810, 1.07806, 1.09604

Support: 1.03847, 1.01873, 1.00031

www.forex-metal.com/affiliate/46662/1