EUR and G10: Levels, Ranges, Targets

USD/JPY current price trades at 20% and is extremely low. Noise ratios inside the current price confirms USD/JPY lacks movement and variation. USD/JPY must move higher.

USD/JPY break points derived from Jan 1999 are located at 109.32, 111.25, 111.60, 111.65, 111.80, 112.67 and 113.95. 0.7257. Most vital for significantly higher is 111.80. USD/JPY cleared its 5 year average at 109.32.

EUR/USD trades at 40% and EUR/JPY at 61%. GBP/USD and GBP/JPY confirms at GBP/USD 66% and GBP/JPY at 88%. A long road down exists for GBP/USD and GBP/JPY. Previous posts stated GBP and NZD pairs would see best volatility for 2018.
EUR/USD break points from Jan 1999 are 1.2049, 1.2079, 1.2134, 1.2197, 1.2278, then 1.2438 and 1.2483. EUR/USD cleared the 5 year average now at 1.1992.

EUR/JPY Offers massive supports from 133.00’s to 127.00’s dated to Jan 1999. EUR/JPY cleared its 5 year average at 130.31. Current supports located at 133.69 and 133.31.

GBP/USD next significant break is located at 1.4049, dated to Jan 1999. Its 5 year average is located at 1.4740. The big break below is located at 1.3441.

GBP/JPY cleared the 10 year average now at 152.90. Above next comes 153.66 then 155.11. Below 150’s are many and massive at 150.69, 150.41, 150.31 and 150.28. Most vital for lower to 148’s is 150.69. GBP/JPY and GBP/USD are traditionally double trades as Correlations always ran high.

NZD/USD at 64% reveals again how vital NZD represents the universe of currency pairs as most vital signal pair. NZD at 64% is miles to high, NZD/JPY at 14% is miles to low and NZD confirms AUD/USD on the border line at 45%. AUD/JPY at 24% and extremely low confirms NZD/JPY as far to low as well.

To understand the true Antipodean nature to AUD/USD and AUD/JPY as well as NZD/USD to NZD/JPY is to understand not only confirms as AUD/JPY and NZD/JPY far to low but Correlations traditionally run negative to AUD/USD and NZD/USD.

NZD/USD break at the 14, 10 and 5 year averages are located at 0.7276, 0.7428 and 0.7503. Higher for NZD/USD must break 0.7317, 0.7338, 0.7397, 0.7409 and 0.7428. Below breaks begin at 0.7257, 0.7142 and 0.7089.

AUD/USD’s 45% borderline confirms as AUD/EUR at 87% and NZD/USD 64% is seen in EUR/NZD at 1.08%. The confirming pairs to lower AUD/USD is AUD/JPY to low and AUD/EUR far to high. The reverse scenario is seen in NZD/USD as NZD/USD is far to high, NZD/JPY far to low and EUR/NZD to high.

AUD/USD break points are located first at the 5 year average at 0.8237 and trades below and is in the same position as NZD/USD. AUD higher means breaks at 0.7992 and 0.8113 then the 5 year average at 0.8237. Below breaks begin at 0.7947, 0.7846 and 0.7825. Most vital for significantly lower is 0.7825 otherwise lower may mean correction.

EUR/AUD break points are located at 1.5319 and 1.5350. Below breaks begin at 1.5282, 1.5243, 1.5131, 1.5012 and 1.4863.

AUD/EUR break points are located above at 0.6544, 0.6592, 0.6604, 0.6639, 0.6689, 0.6735, 0.6744 and 0.6774. At 0.6604 represents the 14 year average then 10 year at 0.6829. Below breaks begin at 0.6531, 0.6528 and massive supports in 0.6400’s to start at 0.6486.
Brian Twomey