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Forex Technical Analysis for 06/02—06/06 Week

May 31st, 2008

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: buy.

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.5049 1.5255 1.5405 1.5611 1.5761 1.5967 1.6117
GBP/USD 1.9540 1.9606 1.9714 1.9780 1.9888 1.9954 2.0062
USD/JPY 101.06 102.09 103.80 104.83 106.54 107.57 109.28
EUR/JPY 161.33 162.03 163.07 163.77 164.81 165.51 166.55

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.5241 1.5376 1.5597 1.5732 1.5953
GBP/USD 1.9606 1.9714 1.9780 1.9888 1.9954
USD/JPY 102.09 103.80 104.83 106.54 107.57
EUR/JPY 162.03 163.07 163.77 164.81 165.51

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.5358 1.5456 1.5489 1.5521 1.5587 1.5619 1.5652 1.5750
GBP/USD 1.9726 1.9774 1.9790 1.9806 1.9838 1.9854 1.9870 1.9918
USD/JPY 103.99 104.75 105.00 105.25 105.75 106.00 106.25 107.01
EUR/JPY 163.15 163.63 163.79 163.95 164.27 164.43 164.59 165.07

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.5686 1.9921 107.06 165.16
Support 1.5330 1.9747 104.32 163.42

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.5818 1.9846 105.87 164.47
61.8% 1.5682 1.9780 104.82 163.81
50.0% 1.5640 1.9759 104.50 163.60
38.2% 1.5598 1.9738 104.18 163.39
23.6% 1.5546 1.9713 103.78 163.14
0.0% 1.5462 1.9672 103.13 162.73

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