Continuing through on a break below the 1.3100 psychological figure, EURUSD has stalled prematurely above support via the 1.3020 figure. Any further downside is contingent on a downside violation of the 1.3020, which would activate downside tests at the 1.2962 barrier.
GBPUSD
GBPUSD has established support via the 1.6000 psychological round figure. The level is being reinforced by the 100 EMA, lending a bullish near term outlook for the major currency. Any retracement will likely see a bounce back towards 1.6092 resistance at a minimum.
USDJPY
Rebounding off of the 87 handle support, USDJPY has climbed higher towards a retest of 88.00 resistance. A close above the figure would prompt an extension higher towards the 89.00 barrier.
GBPUSD
GBPUSD has established support via the 1.6000 psychological round figure. The level is being reinforced by the 100 EMA, lending a bullish near term outlook for the major currency. Any retracement will likely see a bounce back towards 1.6092 resistance at a minimum.
USDJPY
Rebounding off of the 87 handle support, USDJPY has climbed higher towards a retest of 88.00 resistance. A close above the figure would prompt an extension higher towards the 89.00 barrier.
