Bouncing off of support via the 1.3300 figure, EURUSD has made strides on the day. However, resistance entrenched at 1.3400 is likely to stifle any meaningful advance ahead of the overnight session. Look for 1.3375 to suppress any further afternoon gains.
GBPUSD
A confluence of support figures are helping to support GBPUSD in the near term, already suffering from a five-day losing streak. Any bounce here would target initial resistance t 1.6042, with a penetration higher likely to open scope for a move on the 1.6100. Downside violations would prompt a test of 1.5900.
USDJPY
USDJPY surged higher off of 88.22 support, lending a bullish short term bias. However, 90 resistance continues to loom over price action, likely keeping any further momentum at bay till next week.
