European Currencies Active In Asian Session

• 11 Oct 2017

EUR/CAD

The EUR/CAD pair has broken the 1.474 price level with an imminent break of the zero line on MACD. Price action appears to be testing a previous support level at the current price. RSI indicates there is room for further upside in the pair.

GBP/JPY

The GBP/JPY is testing the 20-period EMA having broken the 147.51 price level. MACD indicates that sentiment remains sharply bearish. If price action is able to break the 20 period EMA the next likely price target will be the 150.341 price level.

EUR/JPY

The EUR/JPY pair has broken the 20-period EMA and the Bollinger mid-line to the upside. Moving averages have an upward trajectory and MACD remains above the zero line. RSI indicates there is still room for further upside and the next likely price target is the 134.21 price level.

GBP/USD

GBP/USD has retraced from a previous downtrend and is now testing both the 20 period EMA and the 1.322 price level. Momentum indicators suggest that sentiment has turned sharply bearish, however, rising volume may highlight increasing interest in the pair. A break of the 1.322 price level will be required to confirm the uptrend.