The following are the intraday outlooks for EUR/USD, USD/JPY, and GBP/USD as provided by the technical strategy team at SEB Group.
EUR/USD:Pressure on support at 1.1280. A notably bearish candle was added yesterday and after a few twists around the 1.1365 ref, bulls retreated to next support at 1.1280 - which is currently under pressure. A turn higher from here should meet mid-body resistance at 1.1420. Further sown, 1.1215 & 1.1165 are of interest. The only issue in this picture is the still incomplete upside wave structure - which must be revised below 1.1215. Current intraday stretches are located at 1.1285 & 1.1460.
USD/JPY: Glued at key near-term resistance? The market remains stuck at/below key resistance at 102.40 but seems unwilling to move back under 118.25. A tiebreaker outside those is needed to get fresh sense of direction. Current intraday stretches are located at 118.90 & 120.75.
GBP/USD: Massive loss incurred yesterday. The pair has been hard hit over the past two sessions. A correctional "C-wave high" is likely in place -to be fully confirmed below 1.5424. Trendline support at 1.5449/45 may hold for a little while and trigger a short & shallow correction higher, but mid-body point resistance at 1.5575 ought to attract more selling. Short-term targets below are located at 1.5330 & 1.5220.
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