Forex crosses technical analysis EURJPY, NZDJPY, AUDJPY, USDSEK, USDNOK, GBPAUD, GBPNZD
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EURJPY
The pair is expected to pull back into 122-123 zone after touching 126 level. Pullback happened. Look for the long trade entries with the SL below 122 level. No change in view.
NZDJPY
The pair is between the 100 SMA 79.282 level and 200 SMA 78.233 level. The daily close above this levels is required for the upside/downside continuation. Staying aside for now.
AUDJPY
The pair has been rejected by the 83.800 level and is pressing the strong downside 82.500 resistance. Only the daily close above the 83.800 will invalidate the downside. The daily close below 82 level is required for a downside extension.
USDSEK
The pair is retesting again the strong downside resistance 8.7000-8.7200 zone for the strong bearish extension into 8.4000-8.5000 zone. Staying aside for now. Fresh short entries only on a daily close below 8.6800 level.
USDNOK
The pair has pulled back for a retest of the 8.4700 level. This level could provide the downside support. Look only for the short trade entries with the SL above 8.5000 for now.
GBPAUD
The pair has reached the 1.7000-1.7200 zone of the support. Look for the reaction from here. The support rectangle zone is 1.6700-1.7000. Staying aside for now.
GBPNZD
The pair has pulled back into 1.7700-1.7900 zone. Look for the bullish price action on the reaction from this zone for the upside continuation. SL on long trades should be below 1.7600 level.
Crosses are simply a measure of the relative strength of an individual currency against the dollar. Crosses are distinguished by the fact that they do not include the dollar as either the numerator or the denominator of the pair. As such, they offer traders a tremendous opportunity to make far more nuanced bets in the currency market than the simple pro- or anti-dollar trade.