Failing to rise above 1.3375 resistance, potential upside for EURUSD ahead of the weekend is dwindling. Any near term retracement is likely to meet formidable support via the 1.3290 figure. However, a close above the 1.3375 barrier would open scope for an advance on the 1.3484 February 29th session high next week.
GBPUSD
Remaining suppressed by resistance at 1.6177, GBPUSD continues to move lower below 1.6125 support. A close below the figure would likely keep the major in consolidation for the near term. Support is now established at the 1.6011 figure - reinforced by the 100-SMA.
USDJPY
USDJPY momentum seems to be showing some signs of waning, with the emergence of a doji just below 89.25 resistance. The current setup portends towards a decline to initial support via the 88 handle. Further declines would meet support via the 87.07 figure.
GBPUSD
Remaining suppressed by resistance at 1.6177, GBPUSD continues to move lower below 1.6125 support. A close below the figure would likely keep the major in consolidation for the near term. Support is now established at the 1.6011 figure - reinforced by the 100-SMA.
USDJPY
USDJPY momentum seems to be showing some signs of waning, with the emergence of a doji just below 89.25 resistance. The current setup portends towards a decline to initial support via the 88 handle. Further declines would meet support via the 87.07 figure.
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