EURUSD
The pair maintains positive tone, with last Friday’s rallies that eventually broke above pivotal 1.1450 barrier and posted fresh high at 1.1465. Positive daily/weekly close confirms bullish stance for attack at psychological 1.1500 barrier and 1.1532, Feb high, above which to confirm daily double-bottom and resume recovery off 1.0519, 13 Apr higher low and just above 50% of 1.2567/1.0461 downleg. Near-term price action moves in consolidative mode, holding within narrow range and so far being contained at 1.1416, last Friday’s intraday high and near Fibonacci 38.2% of Friday’s 1.1322/1.1465 rally. Extended dips should ideally find ground above Friday’s low at 1.1322, to keep structure intact. Conversely, violation of 1.1322 support and psychological 1.13 level, reinforced by daily 10SMA, would delay bulls for extension towards 1.1260, Fibonacci 38.2% of 1.1132/1.1465 upleg.
Res: 1.1425; 1.1461; 1.1465; 1.1500
Sup: 1.1416; 1.1396; 1.1380; 1.1360
GBPUSD
The pair closed in red on Friday, following repeated probe above 1.58 barrier that failed to sustain gains. Friday’s low at 1.57. offers initial support and was re-visited on overnight’s dips, with further corrective easing, not ruled out and seen preceding fresh rallies, as the pair marked the second strong weekly close, confirming strong uptrend. Weak near-term technicals support the notion for extension to 1.5551/20, former peaks and the later marking Fibonacci 61.8% of 1.5391/1.5813 rally, where extended easing should be contained, to prevent stronger correction, with near-term price action being so far capped by hourly Ichimoku cloud base at 1.5722. Renewed attempts above 1.58 barrier to expose immediate target at 1.5823, 27 Nov 2014 high and 1.5876, 50% retracement of 1.7189/1.4563 descend.
Res: 1.5726; 1.5781; 1.5813; 1.5876
Sup: 1.5704; 1.5652; 1.5611; 1.5550
USDJPY
Fresh acceleration during Asian session drives the price higher, after leaving hourly higher base at 119.17, last Friday’s / overnight’s lows. Revived hourly bulls and 4-hour indicators heading north, support fresh attacks at psychological 120 barrier, below which Friday’s rallies stalled, followed by subsequent pullback. Sustained break above 120 barrier, also daily Ichimoku cloud top, is required to push the price into the upper part of short-term range, as overall tone remains neutral.
Res: 119.74; 120.00; 120.26; 120.49
Sup: 119.32; 119.20; 118.87; 118.50
AUDUSD
Aussie remains at the back foot in the near-term, with psychological 0.8000 support being retested. Negative near-term studies see risk of further easing, before fresh attempts higher. Last Friday’s repeated close in red, supports further correction that should be ideally contained above 0.7950, bear-trendline off former peak at 0.8073, also bull-trendline from 0.7553, to keep larger bulls, confirmed with the second strong weekly close. Alternatively, break below 0.7956 support, would signal formation of daily reversal pattern and risk deeper pullback towards next support at 0.7870 higher base.
Res: 0.8060; 0.8100; 0.8133; 0.8161
Sup: 0.8000; 0.7942; 0.7942; 0.7870
The pair maintains positive tone, with last Friday’s rallies that eventually broke above pivotal 1.1450 barrier and posted fresh high at 1.1465. Positive daily/weekly close confirms bullish stance for attack at psychological 1.1500 barrier and 1.1532, Feb high, above which to confirm daily double-bottom and resume recovery off 1.0519, 13 Apr higher low and just above 50% of 1.2567/1.0461 downleg. Near-term price action moves in consolidative mode, holding within narrow range and so far being contained at 1.1416, last Friday’s intraday high and near Fibonacci 38.2% of Friday’s 1.1322/1.1465 rally. Extended dips should ideally find ground above Friday’s low at 1.1322, to keep structure intact. Conversely, violation of 1.1322 support and psychological 1.13 level, reinforced by daily 10SMA, would delay bulls for extension towards 1.1260, Fibonacci 38.2% of 1.1132/1.1465 upleg.
Res: 1.1425; 1.1461; 1.1465; 1.1500
Sup: 1.1416; 1.1396; 1.1380; 1.1360
GBPUSD
The pair closed in red on Friday, following repeated probe above 1.58 barrier that failed to sustain gains. Friday’s low at 1.57. offers initial support and was re-visited on overnight’s dips, with further corrective easing, not ruled out and seen preceding fresh rallies, as the pair marked the second strong weekly close, confirming strong uptrend. Weak near-term technicals support the notion for extension to 1.5551/20, former peaks and the later marking Fibonacci 61.8% of 1.5391/1.5813 rally, where extended easing should be contained, to prevent stronger correction, with near-term price action being so far capped by hourly Ichimoku cloud base at 1.5722. Renewed attempts above 1.58 barrier to expose immediate target at 1.5823, 27 Nov 2014 high and 1.5876, 50% retracement of 1.7189/1.4563 descend.
Res: 1.5726; 1.5781; 1.5813; 1.5876
Sup: 1.5704; 1.5652; 1.5611; 1.5550
USDJPY
Fresh acceleration during Asian session drives the price higher, after leaving hourly higher base at 119.17, last Friday’s / overnight’s lows. Revived hourly bulls and 4-hour indicators heading north, support fresh attacks at psychological 120 barrier, below which Friday’s rallies stalled, followed by subsequent pullback. Sustained break above 120 barrier, also daily Ichimoku cloud top, is required to push the price into the upper part of short-term range, as overall tone remains neutral.
Res: 119.74; 120.00; 120.26; 120.49
Sup: 119.32; 119.20; 118.87; 118.50
AUDUSD
Aussie remains at the back foot in the near-term, with psychological 0.8000 support being retested. Negative near-term studies see risk of further easing, before fresh attempts higher. Last Friday’s repeated close in red, supports further correction that should be ideally contained above 0.7950, bear-trendline off former peak at 0.8073, also bull-trendline from 0.7553, to keep larger bulls, confirmed with the second strong weekly close. Alternatively, break below 0.7956 support, would signal formation of daily reversal pattern and risk deeper pullback towards next support at 0.7870 higher base.
Res: 0.8060; 0.8100; 0.8133; 0.8161
Sup: 0.8000; 0.7942; 0.7942; 0.7870
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