Land Prime analyst Shadi Abdo
- Member of The Egyptian Society of Technical Analyst
- Head of Education department, Market Strategist, Chief Technical Analyst of Global Leading Forex Brokerage companies
- Trained over 5000 professional trainers more than 10 years
- BSc in Economics from Mansoura University
19 July 2024
powered by Land Prime
![](/assets/common/main/img/w/common/market_research/img/currency_eur.svg)
![](/assets/common/main/img/w/common/market_research/img/currency_usd.svg)
- EURUSD
![](https://asset.land-fx.com/research/1721958844/9a60710a-cdfc-467d-a304-13ef78dbda6f.png)
Update: We remain the same. The chart above shows that the pair has been trading below a strong resistance level of 1.0990 besides the downtrend line. Therefore, we are bearish as long as the pair is trading below it with targets: 1.0750 – 1.0700.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1.0950 ▪ 1.0900 ▪ 1.0850 |
▪ 1.0500 ▪ 1.0400 ▪ 1.0350 |
Bearish below 1.0900.
|
![](/assets/common/main/img/w/common/market_research/img/currency_gbp.svg)
![](/assets/common/main/img/w/common/market_research/img/currency_usd.svg)
- GBPUSD
![](https://asset.land-fx.com/research/1721958844/775df51a-a498-46b1-8b1c-2d57eb993bb5.png)
Update: The pair hit the target of the 2nd scenario. The chart above shows that the pair has been trading below 1.2800 which is a strong resistance level. Therefore, we are bearish as long as the pair is trading below it with targets to the downside as follows: 1.2600 – 1.2500. On the other hand, a close above 1.2900 would push the pair towards 1.3000.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1.3100 ▪ 1.3000 ▪ 1.2800 |
▪ 1.2600 ▪ 1.2550 ▪ 1.2500 |
Bearish below 1.2800.
|
![](https://asset.land-fx.com/research/1721958844/9bf4bf49-c496-43cf-8cec-7de30c238139.png)
Update: To be updated. As could be seen on the daily chart that the pair is trading above a strong support level that is 2449. Therefore, we are bullish as long as the pair is trading above it with targets: 2500.
Resistance levels: |
Support levels: |
Recommended: |
▪ 2550 ▪ 2500 ▪ 2490 |
▪ 2449 ▪ 2400 ▪ 2300 |
Bearish below 2449. |
![](/assets/common/main/img/w/common/market_research/img/currency_aud.svg)
![](/assets/common/main/img/w/common/market_research/img/currency_usd.svg)
- AUDUSD
![](https://asset.land-fx.com/research/1721958844/682369a8-79c1-45a5-9014-f6b6cdaac9d2.png)
Update:The pair was able to breakthrough the support level. The chart above shows that the pair is trading above 0.6700. Therefore, we are bullish as long as the pair is trading above it with targets: 0.6800 – 0.6850.
Resistance levels: |
Support levels: |
Recommended: |
▪ 0.7000 ▪ 0.6900 ▪ 0.6822
|
▪ 0.6700 ▪ 0.6650 ▪ 0.6600
|
Bearish below 0.6700
|
![](/assets/common/main/img/w/common/market_research/img/currency_gbp.svg)
![](/assets/common/main/img/w/common/market_research/img/currency_jpy.svg)
- GBPJPY
Update: The pair was able to breakthrough the support level. The chart above shows that the pair is trading above a strong support level that is 203.40. Therefore, we are bullish as long as the pair is trading above it with targets: 207 – 208.
Resistance levels: |
Support levels: |
Recommended: |
▪ 210.00 ▪ 209.00 ▪ 208.00 |
▪ 203.40 ▪ 203.00 ▪ 202.50
|
Bullish above 203.40
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