EURUSD
Support has been found at 1.4650 on yesterday’s minor pullback and upside is under renewed pressure, the euro trading around 1.4730 while writing this report. Uptrend is very strong and the daily charts are printing 9 consecutive higher highs until today, lacking any notable retracement. On the upside, next objective is formed by the 1.4800 handle followed by 1.4865 and 1.4900. On the lower side, intraday support is emerging at 1.4700 backed by 1.4650 and 1.4600. There are no signs of a potential retracement yet so uptrend is likely to continue towards 1.4800 – 1.4850/65. Current quote is 1.4735 @06:05 GMT
Support: 1.4700, 1.4650 and 1.4600
Resistance: 1.4800, 1.4850/65 and 1.4900
GBPUSD
Pound continues to consolidate into the 120 points range formed by a rising trend at 1.6545/50 which provides resistance and the 50% retracement of 1.6115-1.6740 at 1.6430. Intra-day sentiment is currently turning positive but a break above 1.6550 is needed to resume uptrend and confirm that the consolidation has come to an end. Above 1.6550, next upside barrier is noticed at 1.6600 then 1.6700, higher. Short-term sentiment remains bullish despite recent decline which is probably corrective. Upside is favored for now. Current quote is 1.6514 @06:05 GMT
Support: 1.6430/50, 1.6400 and 1.6300
Resistance: 1.6550, 1.6600 and 1.6700
USDJPY
Support on the 90.00/20 handle has been stable on last declines and provided a temporary reversal but the dollar seem too weak to initiate a decent correction, as minor rallies of 50-100 points are facing large selling interest. First notable resistance is seen at 91.85/00 . Intra-day sentiment is slightly positive while the short-term studies are highly bearish. Current quote is 91.12 @06:05 GMT
Support: 90.50, 90.00 and 89.50
Resistance: 91.35/50, 91.85 and 92.00/15
