EUR/USD Current price: 1.2591View Live Chart for the EUR/USD
EURUSD has stalled ahead of resistance at 1.2633. Upside penetration of the figure would propel the single currency higher to resistance at the 1.2691 June 29th session high. Conversely, a failure to close above the level would prompt a quick decline to 1.2500 range channel support.
Support levels: 1.2550 1.2520 1.2484
Resistance levels: 1.2630 1.2680 1.2710
GBP/USD Current price: 1.5884View Live Chart for the GBP/USD (Select the currency)
The specter of a double top formation remains intact for GBPUSD, just shy of the 1.5900 round figure barrier. Failure to close above the level would reinforce the notion of a short term decline in the spot price. This would place significant emphasis on a test of 1.5774 support.
Support levels: 1.5870 1.5840 1.5810
Resistance levels: 1.5920 1.5960 1.6000
USD/JPY Current price: 78.27View Live Chart for the USD/JPY (select the currency)
USDJPY is set for a move higher, following a failed attempt at breaking through 78 handle support. Reinforcing the notion as bullish signals in Stochastic. With a tweezer pattern forming in the daily charts, focus is now being placed on an advance to 79.00 resistance.
Support levels: 78.10 77.90 77.65
Resistance levels: 78.45 78.80 79.05
AUD/USD: Current price: 1.0240View Live Chart for the AUD/USD (select the currency)
AUDUSD failed to break back through 1.0317 resistance, lending to the second decline in three sessions. The price action now tests 1.0200 round figure support. A downside penetration through the level will open scope for a decline to 1.0176, July 25th session low.
Support levels: 1.0225 1.0190 1.0140
Resistance levels: 1.0270 1.0300 1.0340
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