Technical Analysis For GBPUSD, EURUSD, and USDJPY
August 22 2022
GBPUSD remains under pressure while below 1.1920.
Initial resistance is at 1.1860 and then the aforementioned 1.1920. The market looks like it wants to visit the July lows at 1.1760/50, breaking support at 1.1800 on the way.
The EURUSD remains under pressure, although there is likely to be some profit takers ahead of parity. However, a break of 1.0000 would see further losses to July’s low of 0.9960.
Sellers will be first found at 1.0070/80 and then stronger resistance at 1.0100/1.0120.
USDJPY remains bullish while above 135.40.
Daily resistance was tested this morning at 137.40/50, this level needs to be broken to allow further gains to 138.00/20.
Failure to break 137.50 would see the USD pull back to 136.80 possibly 136.40.