21 Sept: Forecast: FX: US$/Majors: By Jim Langlands

EURUSD: 1.1893
24 Hour: Bearish Medium Term: Prefer to sell rallies
Preferred Strategy: Looking to sell around 1.1900-20 with a SL above 1.1950. 1.1860 is immediate support but looking for a run towards 1.1800.
Resistance Support
1.2033 Session high 1.1860 (23.6% of 1.1118/1.2091)Session low
1.2000 Minor 1.1838 14 Sept low
1.1980 Minor 1.1800 Minor
1.1955 100 HMA/200 HMA 1.1765 Minor
1.1920 Minor 1.1706 (38.2% of 1.1118/1.2091)

Economic data highlights will include:

EU Economic Bulletin, Mario Draghi Speech, US Jobless Claims, House Price Index, Philadelphia Fed Mfg Survey



USDJPY: 112.19
24 Hour: Mildly Bullish Medium Term: Mildly Bullish
Preferred Strategy: Looking to buy near 111.60. SL sub 111.00, TP @ 113.00. The BOJ decision is expected to keep policy on hold.
Resistance Support
113.50 Minor 112.20 200 DMA
113.15 Minor 111.85 Minor
112.90 Descending trend resistance 111.60 Daily cloud top
112.78 (76.4% of 114.49/107.32) 111.35 Weekly cloud top
112.52 Session high 111.10 Session low /100 DMA

Economic data highlights will include:

BOJ Interest Rate Decision, Statement, Press Conference, Kuroda Speech



GBPUSD: 1.3493
24 Hour: Prefer to sell rallies Medium Term: Mildly Bullish
Preferred Strategy: Cable looks a little mixed but the coming session would seem to suggest some mild downside pressure.
Resistance Support
1.3656 Session high 1.3451 Session low
1.3610 18 Sept high 1.3445 (23.6% of 1.2777/1.3656)
1.3580 Minor 1.3400 (23.6% of 1.2588/1.3656)
1.3550 Minor 1.3375 Minor
1.3515 100 HMA 1.3330 Minor

Economic data highlights will include:

PSNBR



USDCHF: 0.9695
24 Hour: Mildly Bullish. Medium Term: Mildly Bullish.
Preferred Strategy:  Looking to buy near 0.9660. SL @ 0.9595.TP @ 0.9800
Resistance Support
0.9837 (61.8% of 1.0099/0.9420) 0.9647 (23.6% of 0.9420/0.9717)
0.9808 30 May high 0.9620 100 HMA
0.9772 8 Aug high/(38.2% of 1.0343/0.9420) 0.9603 (38.2% of 0.9420/0.9717)
0.9740 Minor 0.9587 Session low
0.9717 Session high 0.9568 (50% of 0.9420/0.9717)


AUDUSD: 0.8028
24 Hour: Neutral Medium Term: Neutral
Preferred Strategy: Neutral
Resistance Support
0.8050 Minor 0.7985 Session low
0.8125 8 Sept high 0.7955 20 Sept low
0.8102 Session high 0.7940 18 Sept low
0.8075 Minor 0.7920 1 Sept low
0.8050 12 Sept high 0.7900 Minor

Economic data highlights will include:

RBA Bulletin



NZDUSD: 0.7355
24 Hour: Neutral Medium Term: Neutral
Preferred Strategy:  GDP today, Election on the weekend. Good time to be square.
Resistance Support
0.7480 Minor 0.7330 Minor
0.7455 (76.4% of 0.7558/0.7131) 0.7315 Minor
0.7433 Session high 0.7300 Minor
0.7400 Minor 0.7265 100 HMA/200 HMA
0.7375 Minor 0.7250 Minor

Economic data highlights will include:

NZ Q2 GDP


By | September 21, 2017
Source: FXCharts

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