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
09 February 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/1709545245/ce7b12b2-91c2-4ae6-828c-84cdbcf79ebf.png)
Update: No changes! The chart above shows that the pair is trading above a strong support level that is 1.0700. Therefore, we are bullish as long as the pair is trading above it with targets: 1.0900 – 1.1000. On the other hand, a daily close below 1.0700 would push the pair towards: 1.0460.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1.1100 ▪ 1.1080 ▪ 1.0910 |
▪ 1.0700 ▪ 1.0650 ▪ 1.0600 |
Bearish below 1.0700
|
![](/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/1709522840/9e2f088d-232f-47e7-a677-def7219be760.png)
Update: We remain bullish! The pair has been trading above a strong support level that is 1.2500. Therefore, we are bullish as long as the pair is trading above it with targets: 1.2750 – 1.2900. On the other hand, a daily close below 1.2500 would push the pair towards: 1.2370.
Resistance levels: |
Support levels: |
Recommended: |
▪ 1.3000 ▪ 1.2900 ▪ 1.2800 |
▪ 1.2500 ▪ 1.2400 ▪ 1.2300 |
Bearish below 1.2500
|
![](https://asset.land-fx.com/research/1709522840/af83f5e5-aaaa-4f82-9975-da86d42beb4e.png)
Update: We remain bearish! The chart above shows that the pair is trading below a strong resistance level that is 2050. Therefore, we are bearish as long as the pair is trading below it with targets: 2020 – 2000. On the other hand, a daily close above 2050 would push the pair towards: 2080
Resistance levels: |
Support levels: |
Recommended: |
▪ 2140 ▪ 2100 ▪ 2050 |
▪ 2015 ▪ 2000 ▪ 1990 |
Bearish below 2050 |
![](/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/1709522840/db15788d-e038-409d-a4c1-24bc8054163f.png)
Update: No changes! The pair managed to break through a strong support level that is 0.6600. Therefore, we are bearish as long as the pair is trading below it with targets: 0.6440.
Resistance levels: |
Support levels: |
Recommended: |
▪ 0.7000 ▪ 0.6950 ▪ 0.6700
|
▪ 0.6500 ▪ 0.6400 ▪ 0.6350
|
Bearish below 0.6600
|
![](/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
![](https://asset.land-fx.com/research/1709522840/ee9bd840-2a1b-434f-8c2a-b5c6e34188ca.png)
Update: The pair broke through the upside! The chart above shows that the pair is trading below a strong resistance level that is 188.22. Therefore, we are bearish as long as the pair is trading below it with targets: 184 – 183.
Resistance levels: |
Support levels: |
Recommended: |
▪ 190.00 ▪ 189.00 ▪ 188.22 |
▪ 178.50 ▪ 178.00 ▪ 177.00
|
Bearish below 188.22
|
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