EURUSD - fresh bears pressure 1.1414 pivot

EURUSD

The Euro regained bearish momentum and accelerated lower, after narrow consolidation. Fresh weakness through important 1.1461 support (former hourly base / Fibo 38.2% of 1.1213/1.1614 upleg), is approaching next strong support at 1.1414 (converged daily Tenkan-sen / Kijun-sen line / 50% of 1.1213/1.1614).
Further easing below 1.1414 pivot could be expected, as near-term technicals turned into bearish mode and daily Slow Stochastic is heading south after reversing from overbought territory and showing room at the downside.
Rising daily 10SMA; Fibo 61.8% and daily 10SMA, offer next layer of supports at 1.1384/54, loss of which will confirm reversal.
Former consolidation low at 1.1464, marks immediate resistance, followed by session high at 1.1492 and yesterday’s range top at 1.1527, which also marks upper pivot.


Res: 1.1464; 1.1492; 1.1527; 1.1558
Sup: 1.1414; 1.1384; 1.1367; 1.1354






GBPUSD

Cable is attempting below the floor of choppy near-term consolidation between 1.4459 and 1.4540, signaling resumption of steep two-day downmove from 1.4768 peak.
Bearish near-term studies favor further downside action, however, mixed signals are coming from daily chart techs.
Strong support lies at 1.4390 (daily 20/100SMA’s bull-cross / 50% retracement of 1.1004/1.4768 upleg, break of which is needed to signal extended weakness.
On the other side, daily Slow Stochastic is oversold and is expected to generate bullish signal on reversal higher. This may delay bears for prolonged consolidation, however, downside will remain under pressure while the upper pivot at 1.4570 stays intact.

Res: 1.4527; 1.4540; 1.4570; 1.4650
Sup: 1.4428; 1.4390; 1.4339; 1.4296





USDJPY

The pair consolidates above 107 handle, after eventual break above two-day congestion, which sidelined immediate downside risk.
Signal of further correction from fresh low at 105.35, was generated by reversal of daily Slow Stochastic from oversold zone, but initial barrier at 107.60 (former base) is still intact. Sustained break above 107.60 and regain of levels above 108.00 (Fibo 38.2% of 111.87/105.35 downleg), is needed to confirm reversal and open way for further correction.
Session low at 106.87 marks initial support, followed by 106.23 (yesterday’s low).

Res: 107.44; 107.60; 108.00; 108.70
Sup: 106.87; 106.23; 105.53; 105.20





AUDUSD

The pair remains at the back foot, following repeated recovery rejections at 0.7515, which keeps near-term studies in bearish mode and price action in extended consolidation phase.
Risk of fresh weakness remains in play, as daily technicals are bearish and the price holds below broken daily Ichimoku cloud top.
Firm break below cracked 0.7448 support (Fibo 38.2% of 0.6825/0.7833 rally), is needed to confirm fresh bear-leg, which may extend to 0.7330/20 (50% retracement / daily cloud base).
Initial resistance lies at 0.7500 (daily cloud top), followed by consolidation tops at 0.7515, break of which would signal extended upticks.

Res: 0.7500; 0.7515; 0.7546; 0.7600
Sup: 0.7463; 0.7448; 0.7400; 0.7327