• Duncan Cooper , Senior Market Strategist & Trading Mentor at ACY


• 11.04.2022 01:30 pm
undisclosed , Duncan Cooper is a full-time trader and mentor and the Senior Market Strategist at ACY Securities. Trading full-time since 2009, Duncan's insights are from the battleground of real-time markets, not theory, and he thrives on educating traders to reach their financial goals.

Overview:

Watch the video for the key trading levels for the week ahead for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD.

Last week AUDJPY and GBPJPY held gains for the week. AUDUSD, EURJPY, EURUSD, and GBPUSD were down for the week. AUDUSD strongly rejected the 0.7555 monthly resistance level.

AUDJPY Daily chart:

Monthly support at 90.72, 90.29, and 86.24, resistance at 97.29.

Weekly support at 90.72, resistance at 92.68.

Daily resistance at 94.15 and 94.31.

Price retested the 94.31 daily resistance level and formed a lower top last week. Will price decline back down to the 90.72 monthly support level this week?

AUDUSD Daily chart:

Monthly resistance at 0.7555.

Weekly support at 0.7314, resistance at 0.7675.

Daily support at 0.7456, 0.7441, and 0.7367, resistance at 0.7540 and 0.7661.

Price rejected the 0.7555 monthly resistance level last week. Will price decline back down to the 0.7314 weekly support level this week?

EURJPY Daily chart:

Monthly support at 134.12 and 133.47, resistance at 137.49.

Weekly support at 133.14, resistance 137.49.

Daily support at 134.51 and 134.28, resistance 137.49.

Price consolidated just above the 134.12 monthly support level last week. Will price find support at the 134.51 and 134.28 daily support levels for a further advance this week?

EURUSD Daily chart:

Monthly support at 1.0879 and 1.0635.

Weekly support at 1.0806, resistance at 1.1121 and 1.1186.

Daily support at 1.0806, resistance at 1.0900, 1.0945, and 1.0961.

Price closed below the 1.0879 monthly support level last week. Will price continue to decline and move below the 1.0806 weekly support level this week?

GBPJPY Daily chart:

Monthly support at 158.21, resistance at 163.06.

Weekly support at 158.06, resistance at 163.06.

Daily support at 159.04, resistance at 164.64.

Price rallied back towards the 163.06 monthly resistance level last week. Will price continue to advance or form a lower top under the 163.06 monthly resistance level this week?

GBPUSD Daily chart:

Monthly resistance at 1.3168.

Weekly support at 1.3000 and 1.2854, resistance at 1.3134.

Daily support at 1.3000, resistance at 1.3051.

Price held again at the 1.3168 monthly resistance level last week. Will price continue to decline and move below the 1.3000 weekly support level this week?

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