Stalling ahead of 1.3000 support, EURUSD continues to exude a bearish bias. Price action remains suppressed by resistance via the 1.3125 December 5th session high, which is dampening any advances on the 1.3200. As a result, expect 1.2942 to be tested in the near term.
GBPUSD
GBPUSD is finding support via the 1.6000 round figure, which is being reinforced by 100-EMA technical support. The barrier should act as an impetus for a short term temporary retracement, targeting the 1.6136 resistance level. Further downside is contingent on a downside violation of the psychological round figure.
USDJPY
USDJPY has now broken through 87.59 61.8% fib resistance, portending the currency pair towards a test of 89.37 resistance. Any correction at this point would be shallow and temporary, likely targeting the aforementioned fib barrier.
GBPUSD
GBPUSD is finding support via the 1.6000 round figure, which is being reinforced by 100-EMA technical support. The barrier should act as an impetus for a short term temporary retracement, targeting the 1.6136 resistance level. Further downside is contingent on a downside violation of the psychological round figure.
USDJPY
USDJPY has now broken through 87.59 61.8% fib resistance, portending the currency pair towards a test of 89.37 resistance. Any correction at this point would be shallow and temporary, likely targeting the aforementioned fib barrier.
