EUR/USD, USD/JPY And USD/CHF: Key Levels And Patterns

EUR/USD Daily

  • Three pinbar candles have marked prominent reversals.
  • Yesterday’s inside day shows the market is under compression.
  • 1.1610 may prove pivotal over the near-term as it could be the difference between a swing high or a bullish breakout.

EUR/USD Daily Chart

USD/JPY Daily

  • Finding support at the March trendline, USD/JPY sits at a technical juncture.
  • With little signs of mean reversion since the 114.55 high, an initial bounce from current levels seems feasible.
  • A break of yesterday’s low warns of a change in trend.

USD/JPY Daily Chart

USD/CHF Daily

  • Since breaking its retracement line, a bull flag is forming as part of a low volatility retracement.
  • Look for prices to stabilise above the 20 day average / retracement line.
  • Momentum from the 0.9542 low suggests a break to new highs.

USD/CHF Daily Chart

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