Daily Technical Analysis 21 July , 2015

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Source: AvaTrade Forex Broker

USD/JPY

Summary :
Target Level : 123.915
Target Period : 15 hours

Analysis :
Channel Up identified at 20-Jul-11:00 2015 GMT-5. This pattern is still in the process of forming. Possible bearish price movement towards the support 123.915 within the next 15 hours.

Resistance Levels :
( B ) 124.444Last resistance turning point of Channel Up.

Support Levels
( A ) 123.915Last support turning point of Channel Up.

USD/JPY Chart

GBP/USD

Summary :
Target Level : 1.5629
Target Period : 16 hours

Analysis :
Falling Wedge identified at 20-Jul-10:00 2015 GMT-5. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.563 within the next 16 hours.

Resistance Levels :
( B ) 1.5629Last resistance turning point of Falling Wedge.

Support Levels
( A ) 1.5538Last support turning point of Falling Wedge.

GBP/USD Chart

AUD/USD

Summary :
Target Level : 0.7346
Target Period : 7 hours

Analysis :
Triangle identified at 20-Jul-13:00 2015 GMT-5. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.735 within the next 7 hours.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 0.7393Last resistance turning point of Triangle.

Support Levels
( A ) 0.7346Last support turning point of Triangle.

AUD/USD Chart

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