EURUSD
The Euro regained traction and rallied from 1.0660 zone, where higher base was formed. Today’s acceleration through strong barriers at 1.0847/51, 17 Apr high / daily Ichimoku cloud base, where initial rally was briefly paused, heads towards next resistances at 1.0912/27, Fibonacci 61.8% of 1.1034/1.0519 / weekly Kijun-sen line. Repeated positive daily close would open way for retest of key short-term barriers at 110.34/50, 06 Apr / 26 Mar peaks. Bullish near-term technicals support further upside, with former barriers at 1.0847/51, now acting of immediate support, ahead of session low at 1.0782, reinforced by daily Kijun-sen line and pivotal daily 20SMA 1.0765, loss of which will be bearish.
.
Res: 1.0912; 1.0927; 1.0953; 1.1000
Sup: 1.0782; 1.0761; 1.0733; 1.0690
GBPUSD
The pair rallied above 1.5092, daily Ichimoku cloud top, after breaking above 1.5079, former high, below which, two-day consolidation occurred. Strong acceleration, supported by bullish tone on technicals of lower and larger timeframes, is looking for test next barriers at 1.5160/73, 18 Mar spike high / Fibonacci 61.8% retracement of 1.5551/1.4563 descend. The pair is poised for repeated strong bullish weekly close that would be supportive for further recovery action. Daily cloud top at 1.5092, now acts as initial support, ahead of former consolidation tops at 1.5076/68 and session low at 1.5026. Daily cloud base that reinforces psychological 1.50 zone, marks breakpoint, below which bears will regain control.
Res: 1.5143; 1.5160; 1.5173; 1.5200
Sup: 1.5092; 1.5079; 1.5026; 1.5000
USDJPY
The pair comes under pressure after yesterday’s acceleration lower and close in long red candle that came after failure to hold gains above psychological 120 barrier. The pair broke and close below daily 20SMA that could signal further easing. Repeated close in red and below descending daily 10SMA, currently at 119.42, to confirm negative near-term stance and shift focus towards short-term range floor and pivotal supports at 118.52/31. Only regain of 120 barrier and close above here, would sideline downside risk. Key barriers lay at 120.38, daily cloud top and 120.83, 13 Apr peak.
Res: 119.64; 120.08; 120.38; 120.83
Sup: 119.12; 118.52; 118.31; 118.00
AUDUSD
The pair regained traction after yesterday’s easing found footstep at 0.7709 and subsequent bounce marked another positive daily close. Today’s fresh acceleration higher that ticked 0.78 barrier, signals resumption of the bull-leg off 0.7681 higher low. Positive tone is re-established on near-term studies, with break above initial 0.7805 barrier, high of 22 Apr, required to open pivotal 0.7841 resistance, high of 17 Apr, for resumption of rally from 0.7553, 14 Apr low. Positive daily studies and widening 20d Bollingers, support further action higher, with corrective action expected to be contained above 0.7763, session low and mid-point of 0.7709/0.7815 upleg.
Res: 0.7815; 0.7825; 0.7841; 0.7911
Sup: 0.7774; 0.7763; 0.7709; 0.7681
The Euro regained traction and rallied from 1.0660 zone, where higher base was formed. Today’s acceleration through strong barriers at 1.0847/51, 17 Apr high / daily Ichimoku cloud base, where initial rally was briefly paused, heads towards next resistances at 1.0912/27, Fibonacci 61.8% of 1.1034/1.0519 / weekly Kijun-sen line. Repeated positive daily close would open way for retest of key short-term barriers at 110.34/50, 06 Apr / 26 Mar peaks. Bullish near-term technicals support further upside, with former barriers at 1.0847/51, now acting of immediate support, ahead of session low at 1.0782, reinforced by daily Kijun-sen line and pivotal daily 20SMA 1.0765, loss of which will be bearish.
.
Res: 1.0912; 1.0927; 1.0953; 1.1000
Sup: 1.0782; 1.0761; 1.0733; 1.0690
GBPUSD
The pair rallied above 1.5092, daily Ichimoku cloud top, after breaking above 1.5079, former high, below which, two-day consolidation occurred. Strong acceleration, supported by bullish tone on technicals of lower and larger timeframes, is looking for test next barriers at 1.5160/73, 18 Mar spike high / Fibonacci 61.8% retracement of 1.5551/1.4563 descend. The pair is poised for repeated strong bullish weekly close that would be supportive for further recovery action. Daily cloud top at 1.5092, now acts as initial support, ahead of former consolidation tops at 1.5076/68 and session low at 1.5026. Daily cloud base that reinforces psychological 1.50 zone, marks breakpoint, below which bears will regain control.
Res: 1.5143; 1.5160; 1.5173; 1.5200
Sup: 1.5092; 1.5079; 1.5026; 1.5000
USDJPY
The pair comes under pressure after yesterday’s acceleration lower and close in long red candle that came after failure to hold gains above psychological 120 barrier. The pair broke and close below daily 20SMA that could signal further easing. Repeated close in red and below descending daily 10SMA, currently at 119.42, to confirm negative near-term stance and shift focus towards short-term range floor and pivotal supports at 118.52/31. Only regain of 120 barrier and close above here, would sideline downside risk. Key barriers lay at 120.38, daily cloud top and 120.83, 13 Apr peak.
Res: 119.64; 120.08; 120.38; 120.83
Sup: 119.12; 118.52; 118.31; 118.00
AUDUSD
The pair regained traction after yesterday’s easing found footstep at 0.7709 and subsequent bounce marked another positive daily close. Today’s fresh acceleration higher that ticked 0.78 barrier, signals resumption of the bull-leg off 0.7681 higher low. Positive tone is re-established on near-term studies, with break above initial 0.7805 barrier, high of 22 Apr, required to open pivotal 0.7841 resistance, high of 17 Apr, for resumption of rally from 0.7553, 14 Apr low. Positive daily studies and widening 20d Bollingers, support further action higher, with corrective action expected to be contained above 0.7763, session low and mid-point of 0.7709/0.7815 upleg.
Res: 0.7815; 0.7825; 0.7841; 0.7911
Sup: 0.7774; 0.7763; 0.7709; 0.7681
Recommended Content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.