Analysis

USD/JPY: The corrective rebound could extend to 110.10 area

EUR/USD Current level - 1.0725

The corrective pattern below 1.0736 is expected to dip lower, to 1.0670, before bouncing towards new high, around 1.0750.

resistance
intraday intraweek
1.0775 1.0828
1.0828 1.0904
support
intraday intraweek
1.0700 1.0600
1.0600 1.0490

 

 

USD/JPY Current level - 108.88

My intraday outlook here is positive, for another test of 109.40 resistance, en route to 110.10 zone. Key support lies at 108.30.

resistance
intraday intraweek
109.40 113.50
110.10 115.65
support
intraday intraweek
108.30 107.80
107.80 105.80

 

 

GBP/USD Current level - 1.2808

The pullback after 1.2904 is still underway and I favor a break through 1.2770 to provoke a test of 1.2705 support zone.

resistance
intraday intraweek
1.2904 1.3000
1.3000 1.3500
support
intraday intraweek
1.2770 1.2610
1.2705 1.2510

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