Band Of The Former Bearish

Commentary of the GBP/JPY pair : The pair GBP/JPY finaly took up its bearish movement yesterday and is currently testing the support at 127.70. The pair is moving along the upper band of its former falling wedge (purple lines). All indicators are bearish. We continue to advise short positions as far as 128.86 is resistance. The breakout of 127.70 will give a new sell signal and open the way towards 126.70. In case of return above 128.86, we will be neutral between this level and 129.50. The breakout of 129.50 will give a new buy signal. See the previous analysis of the GBP/JPY pair of May 16th, 2012 GBP/JPY Analysis

Commentary of the USD/JPY pair : The pair USD/JPY has tested yesterday the resistance at 80.41. All indicators are bullish. The pair is still moving above the upper band of its former bearish channel. We are neutral on the pair between 80.09 and 80.41. We advise to wait an exit of this range to take position: - Long above 80.41. The breakout of 80.76 will give a new buy signal - Short below 80.09. The breakout of 79.64 will give a new sell signal. See the previous analysis of the USD/JPY pair of May 16th, 2012 USD/JPY Analysis

Commentary of the USD/JPY pair : After the pullback on the upper band of its former bearish channel (black lines), a bullish movement occured on the pair USD/JPY who is currently testing the resistance at 80.41. All indicators are bullish. We are neutral on the pair between 80.09 and 80.41. We advise to wait an exit of this range to take position: - Long above 80.41. The breakout of 80.76 will give a new buy signal - Short below 80.09. The breakout of 79.64 will give a new sell signal. See the previous analysis of the USD/JPY pair of May 15th, 2012 USD/JPY Analysis

Commentary of the USD/JPY pair : The pair USD/JPY has tested yesterday the resistance at 80.08 and then made a pullback on the upper band of its former bearish channel (black lines). Indicators are neutral. We continue to advise short positions as far as 80.20 is resistance. The breakout of 79.64 will give a new sell signal and open the way towards 79. In case of return above 80.20, we will wait the breakout of 80.41 to advise long positions.. See the previous analysis of the USD/JPY pair of May 14th, 2012 USD/JPY Analysis

Commentary of the NZD/USD pair : The pair NZD/USD is currently making a correction and is testing the resistance at 0.8180. All indicators are bullish. The pair is still moving above the upper band of its former bearish channel (purple lines). We continue to advise short positons as far as 0.8180 is resistance. A return below 0.8135 will comfort our bearish feeling. The breakout of 0.8080 will give a new sell signal and open the way towards 0.8050. In case of return above 0.8180, we will be neutral between this level and 0.8206. See the previous analysis of the NZD/USD pair of April 25th, 2012 NZD/USD Analysis

Commentary of the NZD/USD pair : The pair NZD/USD is moving since yesterday between the support at 0.81 and the resistance at 0.8136. The pair is still moving below the upper band of its former bearish channel (purple lines). All indicators are bearish. We continue to advise short positons as far as 0.8180 is resistance. The breakout of 0.8080 will give a new sell signal and open the way towards 0.8050. In case of return above 0.8180, we will be neutral between this level and 0.8206. See the previous analysis of the NZD/USD pair of April 24th, 2012 NZD/USD Analysis

Commentary of the NZD/USD pair : The pair NZD/USD has continued its bearish movement and the breakout of 0.8136 gave us a new sell signal. The pair is currently testing a pullback on this level and is also testing the upper band of its former bearish channel (purple lines) as resistance. All indicators are bearish. We continue to advise short positons as far as 0.8180 is resistance. The breakout of 0.8080 will give a new sell signal and open the way towards 0.8050. In case of return above 0.8180, we will be neutral between this level and 0.8206. See the previous analysis of the NZD/USD pair of April 23th, 2012 NZD/USD Analysis

Commentary of the NZD/USD pair : The pair NZD/USD got back below the support at 0.8206, giving us a sell signal. Indicators are globaly bearish. The pair is currently testing the upper band of its former bearish channel as support. We continue to advise short positons as far as 0.8206 is resistance. The breakout of 0.8136 will give a new sell signal and open the way towards 0.8080. In case of return above 0.8206, we will be neutral between this level and 0.8250. See the previous analysis of the NZD/USD pair of April 18th, 2012 NZD/USD Analysis

The pair EUR/USD continues to move below the lower band of its symmetrical triangle and is still moving above its long term bullish slant (green line). The pair is currently testing the support at 1.30. The key point of the pair is at 1.40 Resistance 1 : 1.60 Resistance 2 :1.50 Support 1: 1.30 Support 2 : 1.20 On the long term: The trend is neutral despite the fact that the pair is moving above a bullish slant. A return above 1.40 will allow the long term trend to become bullish again with an objective at 1.45. A return below 1.30 will allow the long term trend to become bearish with an objective at 1.25. On the short term: The trend is bearish as far as 1.35 is resistance. A return below 1.30 will comfort our bearish feeling and will validate former sell signals offered bu the breakout ...