EURUSD Current price: 1.3683

EURUSD

Good morning. We continued our bearish bias yesterday, as expected, and pushed through the diagonal trend line and reached 13587 (We did note on the blog that the pair may just reach 1.3596) just short of the 261.8% extension at 1.3576. We have pulled back slightly but we have no divergence to buy yet. This leaves the pair with a very slight bearish bias for the start of the day but I would expect a move back to 1.3676 soon. This would line up with the previous breakout line and the moving averages. It would also be in three waves. No figures of ay importance today

Support levels: 1.3586 1.3576 1.3550

Resistance levels: 1.3628 1.3647 1.3676

GBPUSD Current price: 1.5283

GBPUSD

Drifting lower and now sitting on the support at 1.5200. The pair is bearish but we may spike through this level on the first attempt. A solid break and I would look to 1.5113 as the next support. Only a break of 1.5350 would now change the bearish bias. Weekly candle is showing a large doji

Support levels: 1.5200 1.5133 1.5000

Resistance levels: 1. 5257 1.5350 1.5430

USDJPY Current price: 9045

USDJPY

Stuck in the channel (9000 -9071). The pair is proving very hard to trade at the moment with false breakouts in both directions. Weekly candle is showing a doji. We still have a slight bearish bias favouring a break to the downside. The targets to watch would be 8967 and 8817. A break of 9115 would negate that view

Support levels: 9000 8967 8817

Resistance levels: 9071 9100 9115

USDCHF Current price: 1.0583

USDCHF

The large red candle yesterday screams intervention. Hit the trend line, close to the EMA and headed lower. We have no bias at the moment and expect either a drift towards 1.0511 or 1.0623 (tiny upside). The long term bias is still to the upside.

Support levels: 1.0569 1.0534 1.0511

Resistance levels: 1.0595 1.0624 1.0641

Have a great day and a super weekend