EURUSD
Near-term bears pause above fresh low at 1.1060, with consolidation being a main theme. Neutral hourly tone and price action moving between daily Kijun-sen and 20SMA, suggest prolonged consolidative phase, as daily 20d Bollingers contract. Pre-weekend profit-taking would trigger acceleration higher, with break above daily 20SMA at 1.1196, to signal correction and open immediate barrier at 1.1215, Fibonacci 38.2% of 1.1465/1.1060 downleg, ahead of 1.1254, 4-hour Ichimoku cloud base and pivotal 1.1300 zone, Fibonacci 61.8%. On the downside, loss of 1.1160 near-tern base, to open psychological 1.1000 support, also near 50% of larger 1.0519/1.1465 rally.
Res: 1.1151; 1.1180; 1.1196; 1.1254
Sup: 1.1099; 1.1060; 1.1000; 1.0970
GBPUSD
The pair accelerated higher yesterday, leaving a higher low at 1.5445 and closing above pivotal 200SMA. Fresh bulls peaked just under 1.57 barrier, where 4-hour Ichimoku cloud top caps near-term consolidation. Positive near-term technicals favor fresh extension higher, with bullish setup of daily studies and expanding 20d Bollinger bands, supporting scenario. Final break above 1.57 barrier, to re-expose fresh recovery peak at 1.5813. Rising daily 10SMA contains for now session’s trading at 1.5650, ahead of daily 200SMA at 1.5587 and trendline support at 1.5550, below which to soften near-term tone.
Res: 1.5698; 1.5726; 1.5782; 1.5813
Sup: 1.5650; 1.5587; 1.5550; 1.5523
USDJPY
The pair corrects recent rallies that peaked at 121.46, with yesterday’s bearish Inside Day, giving initial signals of stronger pullback. Today’s fresh weakness tested the first pivot at 120.70, ahead of the next one at 120.50, previous peak / Fibonacci 38.2% of 118.87/121.46 rally. Hourly studies are negative, with 4-hour indicators in steep descend from overbought territory, supporting further correction. However, overall tone remains bullish and sees 120.50 handle as ideal reversal point, as the pair is poised for strong weekly close, which also requires close above former range top at 120.83, to confirm break and focus key 122.01 peak. Conversely, daily close below 120.50 handle, to signal stronger correction..
Res: 121.08; 121.25; 121.46; 121.65
Sup: 120.70; 120.50; 120.26; 120.00
AUDUSD
Strong bearish acceleration from 0.8161, 14 May peak, is paused after the pair found temporary footstep at 0.7859, where near-term base is forming. Yesterday’s bullish engulfing signals reversal, with scenario being supported by today’s fresh acceleration higher that attacks broken bear-trendline, connecting 0.8073//0.8028 tops. Further acceleration and sustained break above daily 20SMA at 0.7942, is required to provide relief. Regain of levels above psychological 0.8000 barrier, to confirm. However, risk of lower top formation could be expected in case of recovery stall. Return to 0.7859 base and break of daily 100SMA at 0.7841, would risk fresh acceleration lower.
Res: 0.7942; 0.7976; 0.8009; 0.8050
Sup: 0.7900; 0.7859; 0.7841; 0.7800
Near-term bears pause above fresh low at 1.1060, with consolidation being a main theme. Neutral hourly tone and price action moving between daily Kijun-sen and 20SMA, suggest prolonged consolidative phase, as daily 20d Bollingers contract. Pre-weekend profit-taking would trigger acceleration higher, with break above daily 20SMA at 1.1196, to signal correction and open immediate barrier at 1.1215, Fibonacci 38.2% of 1.1465/1.1060 downleg, ahead of 1.1254, 4-hour Ichimoku cloud base and pivotal 1.1300 zone, Fibonacci 61.8%. On the downside, loss of 1.1160 near-tern base, to open psychological 1.1000 support, also near 50% of larger 1.0519/1.1465 rally.
Res: 1.1151; 1.1180; 1.1196; 1.1254
Sup: 1.1099; 1.1060; 1.1000; 1.0970
GBPUSD
The pair accelerated higher yesterday, leaving a higher low at 1.5445 and closing above pivotal 200SMA. Fresh bulls peaked just under 1.57 barrier, where 4-hour Ichimoku cloud top caps near-term consolidation. Positive near-term technicals favor fresh extension higher, with bullish setup of daily studies and expanding 20d Bollinger bands, supporting scenario. Final break above 1.57 barrier, to re-expose fresh recovery peak at 1.5813. Rising daily 10SMA contains for now session’s trading at 1.5650, ahead of daily 200SMA at 1.5587 and trendline support at 1.5550, below which to soften near-term tone.
Res: 1.5698; 1.5726; 1.5782; 1.5813
Sup: 1.5650; 1.5587; 1.5550; 1.5523
USDJPY
The pair corrects recent rallies that peaked at 121.46, with yesterday’s bearish Inside Day, giving initial signals of stronger pullback. Today’s fresh weakness tested the first pivot at 120.70, ahead of the next one at 120.50, previous peak / Fibonacci 38.2% of 118.87/121.46 rally. Hourly studies are negative, with 4-hour indicators in steep descend from overbought territory, supporting further correction. However, overall tone remains bullish and sees 120.50 handle as ideal reversal point, as the pair is poised for strong weekly close, which also requires close above former range top at 120.83, to confirm break and focus key 122.01 peak. Conversely, daily close below 120.50 handle, to signal stronger correction..
Res: 121.08; 121.25; 121.46; 121.65
Sup: 120.70; 120.50; 120.26; 120.00
AUDUSD
Strong bearish acceleration from 0.8161, 14 May peak, is paused after the pair found temporary footstep at 0.7859, where near-term base is forming. Yesterday’s bullish engulfing signals reversal, with scenario being supported by today’s fresh acceleration higher that attacks broken bear-trendline, connecting 0.8073//0.8028 tops. Further acceleration and sustained break above daily 20SMA at 0.7942, is required to provide relief. Regain of levels above psychological 0.8000 barrier, to confirm. However, risk of lower top formation could be expected in case of recovery stall. Return to 0.7859 base and break of daily 100SMA at 0.7841, would risk fresh acceleration lower.
Res: 0.7942; 0.7976; 0.8009; 0.8050
Sup: 0.7900; 0.7859; 0.7841; 0.7800
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