14th February 2022 Technical Analysis

EURUSD

EURUSD rose on Friday, and the technical bias is bullish due to higher highs in the recent volatile trend.

The pair is currently trading near 1.13604，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.13880

Resistance level 2: 1.14300

Resistance level 3: 1.14750

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.13300

Support level 2: 1.12830

Support level 3: 1.12350

On Tuesday (February 15), the euro zone will release GDP growth data for the fourth quarter of 2021. Higher data indicates favorable to the euro, so it is bullish for the European and American currency pairs, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to buy the EURUSD currency pair near the current level.

GBPJPY

GBPJPY fell on Friday, and the technical bias is bearish due to lower lows in a recent horizontal swing.

The pair is currently trading near 156.817，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 157.000

Resistance level 2: 157.350

Resistance level 3: 157.750

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 156.530

Support level 2: 156.150

Support level 3: 155.830

On Tuesday (February 15), Japan will release GDP growth data for the fourth quarter of 2021. A higher data indicates a positive for the yen, and therefore it is negative for the GBPJPY currency pair, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the GBPJPY currency pair near the current level.