GBPUSD confirmed breakout above current point of control at 1.4935 could target further
resistance at 1.5010 followed by 1.5095 and 1.5165.
Support at 1.4845 followed by 1.14800 and 1.4710.
$AUDUSD bullish pattern shaping up nicely, with ‘handle’ development between 0.777 and 0.783. Projected target is for a move to 0.800, although getting pat 0.785 is the near term challenge. Technicals show a weak ‘buy’ signal off neutral momentum; nothing too unusual during the development of a base.
$USDJPY offering bears a chance for run down towards the March 19th spike low. Current consolidation looks bearish, with short risk measured off 120.17. Technicals on the verge of a ‘strong sell’ signal in MACD on strong bearish momentum.
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