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.
GBPUSD
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.
USDJPY
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.
