EURUSD
The Euro holds positive tone, closing above 200DMA on Thursday, as pullback from fresh high at 1.3205, found footstep at psychological 1.3000 support. Bounce above 1.3100 barrier, completed hourly bullish flag pattern, with regain of 1.3145 lower top required to confirm and open 1.3205. Firm 4-hour studies support further advance, as break above 1.3205, would look for test of 1.3250 zone, 21/06 lower platform and Fibonacci 76.4% retracement. Conversely, failure to clear initial 1.3145 support, would keep risk of lower top and fresh weakness in play, with bearish resumption to be triggered on a break below 1.3000 and 1.2980, 50% retracement of 1.2754/1.3205 ascend.
Res: 1.3121; 1.3146, 1.3205; 1.3260
Sup: 1.3050; 1.3000; 1.2980; 1.2926
GBPUSD
Cable resumes short-term uptrend off 1.4812, after completing 4-hour cup and holder continuation pattern, on a break above 1.5200 barrier. Positively aligned short-term studies are supportive for further advance, with upside targets at 1.5282, 50% retracement o 1.5751/1.4812 and 1.5300, 03/07 high. Only slide below 1.5060, Thursday’s low and higher platform, would soften the structure and risk double-top pattern completion.
Res: 1.5200; 1.5220; 1.5282; 1.5303
Sup: 1.5140; 1.5100; 1.5060; 1.5000
USDJPY
The pair maintains negative short-term tone and consolidates 101.52/98.22 fall, with upside being capped at 99.50. Hourly chart shows the price action in triangular consolidation, with studies being negatively aligned. While the price holds below 99.50, the downside risk would remain in play, as break below 98.22, also daily Ichimoku cloud base, would trigger fresh leg lower and expose 97.58, 50% of 93.78/101.52 and higher platform at 97.00, on a break. Alternative scenario sees break above initial hurdle at 99.50 as a trigger for stronger recovery towards psychological 100 barrier.
Res: 99.00; 99.31; 99.48; 99.77
Sup: 98.56; 98.22; 98.00; 97.65
AUDUSD
The Aussie dollar remains in a directionless mode, despite Thursday’s spike higher that tested 0.9300 barrier, 50% retracement of 0.9555/0.9035 descend, as quick reversal brought the price near 0.9100 support. Double Doji confirms short-term indecision, as studies are mixed, with hourlies holding negative tone, while 4-hour indicators being in the positive territory. Break of either boundary, 0.9300 on the upside and 0.9100 on the downside, would define short-term direction and open way towards key barrier at 0.9343 on the upside, or to expose 0.9040 base in case the price falls below 0.9100.
Res: 0.9193; 0.9233; 0.9304; 0.9343
Sup: 0.9125; 0.9092; 0.9040; 0.9000
The Euro holds positive tone, closing above 200DMA on Thursday, as pullback from fresh high at 1.3205, found footstep at psychological 1.3000 support. Bounce above 1.3100 barrier, completed hourly bullish flag pattern, with regain of 1.3145 lower top required to confirm and open 1.3205. Firm 4-hour studies support further advance, as break above 1.3205, would look for test of 1.3250 zone, 21/06 lower platform and Fibonacci 76.4% retracement. Conversely, failure to clear initial 1.3145 support, would keep risk of lower top and fresh weakness in play, with bearish resumption to be triggered on a break below 1.3000 and 1.2980, 50% retracement of 1.2754/1.3205 ascend.
Res: 1.3121; 1.3146, 1.3205; 1.3260
Sup: 1.3050; 1.3000; 1.2980; 1.2926
GBPUSD
Cable resumes short-term uptrend off 1.4812, after completing 4-hour cup and holder continuation pattern, on a break above 1.5200 barrier. Positively aligned short-term studies are supportive for further advance, with upside targets at 1.5282, 50% retracement o 1.5751/1.4812 and 1.5300, 03/07 high. Only slide below 1.5060, Thursday’s low and higher platform, would soften the structure and risk double-top pattern completion.
Res: 1.5200; 1.5220; 1.5282; 1.5303
Sup: 1.5140; 1.5100; 1.5060; 1.5000
USDJPY
The pair maintains negative short-term tone and consolidates 101.52/98.22 fall, with upside being capped at 99.50. Hourly chart shows the price action in triangular consolidation, with studies being negatively aligned. While the price holds below 99.50, the downside risk would remain in play, as break below 98.22, also daily Ichimoku cloud base, would trigger fresh leg lower and expose 97.58, 50% of 93.78/101.52 and higher platform at 97.00, on a break. Alternative scenario sees break above initial hurdle at 99.50 as a trigger for stronger recovery towards psychological 100 barrier.
Res: 99.00; 99.31; 99.48; 99.77
Sup: 98.56; 98.22; 98.00; 97.65
AUDUSD
The Aussie dollar remains in a directionless mode, despite Thursday’s spike higher that tested 0.9300 barrier, 50% retracement of 0.9555/0.9035 descend, as quick reversal brought the price near 0.9100 support. Double Doji confirms short-term indecision, as studies are mixed, with hourlies holding negative tone, while 4-hour indicators being in the positive territory. Break of either boundary, 0.9300 on the upside and 0.9100 on the downside, would define short-term direction and open way towards key barrier at 0.9343 on the upside, or to expose 0.9040 base in case the price falls below 0.9100.
Res: 0.9193; 0.9233; 0.9304; 0.9343
Sup: 0.9125; 0.9092; 0.9040; 0.9000
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