EURUSD
Euro ends consolidation above 1.1100, Fibonacci 38.2% of 1.0519/1.1465 rally, where yesterday’s fresh acceleration lower found temporary support, ending the second day in long red candle. Loss of important 1.1130 higher base daily close below 100SMA, is turning setup of daily technicals negative and signals top at 1.1465. Extended consolidation on oversold near-term studies is expected to precede fresh leg lower, with psychological 1.10 support, seen as next target. Broken 100SMA at 1.1170, marks initial resistance, ahead of former base at 1.1200 and extended rallies to be ideally capped at 1.1227, 4-hour cloud base.
Res: 1.1100; 1.1170; 1.1200; 1.1227; 1.1283
Sup: 1.1035; 1.1000; 1.0950; 1.0900
GBPUSD
The third consecutive close in red, with yesterday’s fresh weakness losing important 1.5551/00 support zone and posting fresh one-week low at 1.5450, 50% retracement of 1.5088/1.5813. Daily close below 200SMA, signals increased pressure and sees risk of further easing. Near-term consolidation is entrenched between 1.5450/1.5530 range, with weak near-term conditions and daily indicators in descending mode, suggesting fresh attempts lower and test of daily 20SMA at 1.54 zone, loss of which to confirm reversal. Extended corrective attempts are expected to hold below 200SMA, currently at 1.5598.
Res: 1.5530; 1.5566; 1.5580; 1.5598
Sup: 1.5492; 1.5450; 1.5400; 1.5364
USDJPY
The pair surged through 120 barrier and repeatedly closed in long green candle, signaling fresh strength. Today’s fresh acceleration that eventually broke above short-term range top at 120.83, signals the end of nearly two-month congestion between 118.50 and 120.83. Expanding daily 20d Bollingers and bullish setup of daily MA’s, along with daily indicators bouncing above the midlines, supports the notion. Daily close above former range top at 120.83, to confirm and shift focus towards key 122.01, peak of 10 Mar. Psychological 120 support and daily Ichimoku cloud top at 119.87, should keep the downside protected.
Res: 121.01; 121.50; 121.65; 122.01
Sup: 120.72; 120.56; 120.26; 120.00
AUDUSD
Aussie extends steep reversal off fresh high at 0.8161, with the fourth consecutive daily close in long red candles and close below daily 20SMA at 0.7933. Fresh weakness today, probes below 0.79 handle, where yesterday’s acceleration was temporarily contained, signaling further easing. Strong bearish tone on lower timeframes and daily studies losing traction, supports fresh weakness towards next target at 0.7846, 50% of 0.7531/0.8161 rally, reinforced by daily 100SMA and 0.7780 trough in extension. Psychological 0.8000 barrier, should ideally cap corrective attempts.
Res: 0.7933; 0.7971; 0.8009; 0.8050
Sup: 0.7896; 0.7846; 0.7800; 0.7780
Euro ends consolidation above 1.1100, Fibonacci 38.2% of 1.0519/1.1465 rally, where yesterday’s fresh acceleration lower found temporary support, ending the second day in long red candle. Loss of important 1.1130 higher base daily close below 100SMA, is turning setup of daily technicals negative and signals top at 1.1465. Extended consolidation on oversold near-term studies is expected to precede fresh leg lower, with psychological 1.10 support, seen as next target. Broken 100SMA at 1.1170, marks initial resistance, ahead of former base at 1.1200 and extended rallies to be ideally capped at 1.1227, 4-hour cloud base.
Res: 1.1100; 1.1170; 1.1200; 1.1227; 1.1283
Sup: 1.1035; 1.1000; 1.0950; 1.0900
GBPUSD
The third consecutive close in red, with yesterday’s fresh weakness losing important 1.5551/00 support zone and posting fresh one-week low at 1.5450, 50% retracement of 1.5088/1.5813. Daily close below 200SMA, signals increased pressure and sees risk of further easing. Near-term consolidation is entrenched between 1.5450/1.5530 range, with weak near-term conditions and daily indicators in descending mode, suggesting fresh attempts lower and test of daily 20SMA at 1.54 zone, loss of which to confirm reversal. Extended corrective attempts are expected to hold below 200SMA, currently at 1.5598.
Res: 1.5530; 1.5566; 1.5580; 1.5598
Sup: 1.5492; 1.5450; 1.5400; 1.5364
USDJPY
The pair surged through 120 barrier and repeatedly closed in long green candle, signaling fresh strength. Today’s fresh acceleration that eventually broke above short-term range top at 120.83, signals the end of nearly two-month congestion between 118.50 and 120.83. Expanding daily 20d Bollingers and bullish setup of daily MA’s, along with daily indicators bouncing above the midlines, supports the notion. Daily close above former range top at 120.83, to confirm and shift focus towards key 122.01, peak of 10 Mar. Psychological 120 support and daily Ichimoku cloud top at 119.87, should keep the downside protected.
Res: 121.01; 121.50; 121.65; 122.01
Sup: 120.72; 120.56; 120.26; 120.00
AUDUSD
Aussie extends steep reversal off fresh high at 0.8161, with the fourth consecutive daily close in long red candles and close below daily 20SMA at 0.7933. Fresh weakness today, probes below 0.79 handle, where yesterday’s acceleration was temporarily contained, signaling further easing. Strong bearish tone on lower timeframes and daily studies losing traction, supports fresh weakness towards next target at 0.7846, 50% of 0.7531/0.8161 rally, reinforced by daily 100SMA and 0.7780 trough in extension. Psychological 0.8000 barrier, should ideally cap corrective attempts.
Res: 0.7933; 0.7971; 0.8009; 0.8050
Sup: 0.7896; 0.7846; 0.7800; 0.7780
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