The following are the intraday outlooks for EUR/USD, EUR/JPY, AUD/USD, and GBP/USD as provided by the technical strategy team at SEB Group.
EUR/USD: Sellers keep responding. Thinned dynamic resistance keeps attracting responsive selling, but bears' initiative below 1.1150/05 is needed to confirm the ongoing bearish "Flag". Current intraday stretches are located at 1.1115 & 1.1285.
EUR/JPY: Bearish "A-B-C" in the making. Short-term (Fibo-adjusted) dynamic resistance was respected and sellers staged a notably strong response to intraday gains made earlier in the session yesterday. This added a potentially bearish upper "Shadow" and a thought bearish "Flag" well under way. For confirmation and arguments for fresh short-term lows, 133.46 (and later 133.18) also have to yield to increased selling pressure. Current intraday stretches are located at 133.75 & 135.80.
AUD/USD: Bid before and after RBA. The ongoing push higher from a 0.6934 "Double-bottom" is contesting a wider dynamic resistance zone (where both the Fibo-adjusted "Cloud" and the 55day exponentially weighted moving average band play roles}. A short-term "Equality point" actually holds a 0.7320 objective possible now coinciding with the high end of the "Cloud", but to get there resistance pockets at 0.7150, 0.7240 & 0.7280 have to be scaled.lntraday stretches at 0.7040 & 0.7145.
GBP/USD: Correction Prematurely completed. The outlines upward correction stalled and turned lower already from 1.5245, not reaching the thought sell level (1.5290) laid out yesterday. Nevertheless the underlying longer term bearish forces are now back in play and the pair should subsequently soon be making way through the recent low area, targeting next the mid 1.48's (once the 1.5170 support is cleared that is).
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