The following are the intraday outlooks for EUR/USD, USD/JPY, GBP/USD and AUD/USD as provided by the technical strategy team at SEB Group.
EUR/USD: Support below 1.13 remains intact. Nothing new really - not even after Yellen. Support below 1.13 (1.1288/62) remains unscathed and resistance (1.1450/11534) is distant in intraday term. Bide your time for better directional clues.
USD/JPY: Bearish U-turn yesterday. The bold intraday attempt higher was crushed after Yellen. The long upper 'shadow'/low session close in the trail of the rejection points lower. If losing support at a thought 'B-wave low' at 118.30 would set an 'Equality point' target at 117.48. Current intraday stretches are located at 118.30 & 119.50.
GBP/USD: Short-term trend-following tools remain in positive gears. Possible objectives are at 1.5560 and 1.5621. Supports are located at 1.4500/390 and a 1.5333/17. A session close below the average 5day low, now at 1.5390 would trigger some protective sell-stops. Current intraday stretches are located at 1.5380 & 1.5535.
AUD/USD: Confirming the double bottom.Underpinned by rising metals prices commodity currencies has jumped higher overnight. AUD/USD has violated 0.7877, the confirmation point for a double bottom formation so there should be more room for the pair to rise near term. The next important ref is 0.7898 (if the double bottom fails the pair will turn here) but breaking above 0.7898 will further enhance a double bottom base and accordingly a continued ascent to January breakout area 0.8034/0.8066.
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