EUR/USD

The pair came under pressure at the beginning of America’s session, as brief recovery off yesterday’s low at 1.2265 was unable to clearly break initial 1.2200 barrier. Fresh slide through 1.2165 and 1.2150, to resume its fall towards long-term support and next target at 1.2000, with interim support at 1.2100, round figure. Recovery attempts, however, require penetration through 1.2250/1.2300 zone, to avert immediate downside risk.

Res: 1.2215, 1.2235, 1.2250, 1.2300
Sup: 1.2150, 1.2130, 1.2100, 1.2050

eurusd



GBP/USD

Cable found near-term support at 1.5400 zone, just above long-term trendline, connecting 2009 and 2010 lows at 1.5360. Subsequent bounce accelerated gains through 1.5460 barrier, to test 1.5500, where rally was capped for now. Improvement on hourly chart studies, requires the price action to hold above 1.5460, previous resistance, to keep near-term bulls in play for fresh attempt through 1.5500 zone, also Fib 38.2% of 1.5721/1.5392, to signal stronger recovery. Regain of 1.5576/1.5600 to confirm. However,, failure to surpass 1.5500 would keep risk of further easing, as larger picture’s outlook remains negative.

Res: 1.5506, 1.5515, 1.5547, 1.5576
Sup: 1.5456, 1.5444, 1.5415, 1.5392

gbpusd


USD/JPY

The near-term structure remains negative, as fresh weakness spikes lower to test short-term range floor and 200 day MA at 79.00 zone that kept the downside protected for the past three weeks. As strong barrier at 80.00 remains intact and near-term studies turn into negative territory, immediate risk is seen on a break below range to open fresh bear-phase and expose 78.60 and 78.00, ahead of key short-term support at 77.65 that would come in focus on a break below the latter. On the upside, immediate barriers lie at 79.38/50, while only lift above 79.70 turns focus higher.

Res: 79.38, 79.50, 79.78, 80.00
Sup: 79.06, 79.00, 78.80, 78.60

usdjpy


AUD/USD

The pair regains strength after one-week fall off 1.0326 high found support at 1.0100, also Fib 61.8% of 0.9968/1.0326 ascend. Fresh gains accelerate on a break above 1.0200, surging through Fib 61.8% of 1.0280/1.0100 downleg that turns near-term focus towards the next signifiant barriers at 1.0256, trendline resistance and 1.0280, 11 July high. Hourly studies entered positive territory and support near-term action. Larger picture, however, remains negative and unless we see violation of 1.2280, risk of lower top will persist, as the pair is currently in the fourth, corrective vawe off 1.0326 that should ideally be limited at 1.0230 zone.

Res : 1.0225, 1.0243, 1.0254, 1.0280
Sup : 1.0162, 1.0145, 1.0121, 1.0100

audusd