EURUSD downside continues to remain intact with a close below 1.3300. The level will be pivotal, and watched as we head into the afternoon trade. The break of the psychological figure will open scope for a bearish extension towards support at 1.3182.
Successfully breaking through 1.6027 support, GBPUSD is set to move lower towards formidable support via the 1.5950. The figure is being reinforced by 200-EMA support, and will likely prompt a retracement to short term resistance via the 1.6021 figure. Further penetration lower would open the floodgates to a drop back to the 1.5822 mid-November swing low.
In the same fashion as the EURUSD, traders will be eyeing key resistance at 89.00 in USDJPY. A failure to break back above the figure would prompt a further decline to support via the 86.00 figure. Oscillators still support the bearish notion, remaining in overbought territory.