EURUSD Current price: 12687

EURUSD

Good morning.

Still sitting on the bottom of the daily cloud. We refused our first resistance at 12758 yesterday (Black Moving Average) and headed lower. We are in this large range (12921 – 12605). If we can close the day below 12650 then the bias would turn strongly to the downside with 12100 as a possible target. A move through 12800 and we open the way for higher highs. At the moment the bias is still to the downside.

Support levels: 12678 12606 (major) 12500

Resistance levels: 12742 12775 12926
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GBPUSD Current price: 15431

GBPUSD

We managed out breakout yesterday nut on to be stopped in out tracks by the 15500 barrier. Just sitting on our last support here at 15425. A close below this level could open the way for a move down towards 15327 again. At the moment the pair is trendless and we still need to see a clear break in one direction.

Support levels: 15425 15382 15327

Resistance levels: 15464 15500 15588

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USDJPY Current price: 8368

USDJPY

The pair had a slight boost yesterday after a rumour that the BOJ may intervene overnight but yet again we get no action. We are making lower lows and lower highs and until we get a break of 8500 the bias will remain to the downside

Support levels: 8356 8330 8320

Resistance levels: 8390 8431 8474

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AUDUSD Current price: 9216

AUDUSD

Advanced well after the jobless numbers last night. The AUD is the strongest of the currency pairs. We broke the Head and Shoulders and pushed up to the first price zone. A break here and we could see 8383 which would be the breakout target for the formation.

Support levels: 9168 9100 9089

Resistance levels: 9227 9300 9383

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