Slobodan Drvenica
Windsor Brokers
EURUSD
The Euro trades in choppy mode, ahead of today’s US jobs data, with near-term tone being negatively aligned. The pair is attempting again at 200SMA, following yesterday’s false break lower and daily close above 200SMA. Yesterday’s dips were contained by daily 100SMA at 1.1133, the last obstacle on the way to key 1.11/1.1086 supports and breakpoint zone. Falling daily 10SMA limits the upside for now at 1.12 zone, guarding pivotal daily 20SMA at 1.1235 and daily Ichimoku cloud base at 1.1260, levels that mark upside breakpoints.
Res: 1.1205; 1.1235; 1.1260; 1.1295
Sup: 1.1161; 1.1133; 1.1105; 1.1086
GBPUSD
Cable consolidates above fresh lows at 1.5105, where hourly base is forming. Near-term sideways mode is confirmed by yesterday’s long-legged Doji, with limited upside attempts, seen as preferred scenario, ahead of fresh push lower. Hourly Ichimoku cloud top at 1.5158, marks initial resistance and remains intact for now, guarding yesterday’s recovery peak at 1.5178. Daily slow stochastic remains in oversold zone and reversal higher would be seen as recovery signal.
Extended recovery above 1.5178, would expose next strong barrier at 1.5225, falling daily 10SMA. Near-term breakpoint zone lies at 1.5315/25, Fibonacci 38.2% of 1.5656/1.5105 / 10/200SMA’s death cross and formation of 20/200SMA’s death cross and only regain of these levels would neutralize immediate attempts towards 1.5085, Fibonacci 61.8% retracement of Apr/June1.4563/1.5928 rally and psychological 1.5000 support.
Res: 1.5158; 1.5178; 1.5212; 1.5225
Sup: 1.5123; 1.5105; 1.5085; 1.5000
USDJPY
The pair remains within the triangle, trading in narrowing range, with yesterday’s repeated Doji, confirming indecision. Triangle’s upper border lies at 120.27, guarding daily Ichimoku cloud, which spans between 120.52 and 120.70 and 200SMA at 120.86, with sustained break higher, needed to give positive signal for final break above short-term congestion. On the downside, triangle’s support line lies at 119.45 and marks the lower pivot.
Res: 120.13; 120.27; 120.52; 120.70
Sup: 119.75; 119.45; 119.23; 119.05
AUDUSD
The pair consolidates above 0.7000 support, where pullback from yesterday’s recovery rejection at 0.7083, found footstep. Near-term technicals are in neutral mode, with rallies being limited by daily 20SMA, break of which to signal fresh recovery off 0.6935 double-bottom. However, overall structure remains bearish and sees limited upside attempts for now, with yesterday’s high at 0.7083 and 4-hour Ichimoku cloud top at 0.7107, marking next pivotal barriers. On the downside, psychological 0.7000 support zone marks lower pivot and sustained break here would bring near-term bears back to play.
Res: 0.7061; 0.7083; 0.7107; 0.7147
Sup: 0.7010; 0.6996; 0.6970; 0.6935
The Euro trades in choppy mode, ahead of today’s US jobs data, with near-term tone being negatively aligned. The pair is attempting again at 200SMA, following yesterday’s false break lower and daily close above 200SMA. Yesterday’s dips were contained by daily 100SMA at 1.1133, the last obstacle on the way to key 1.11/1.1086 supports and breakpoint zone. Falling daily 10SMA limits the upside for now at 1.12 zone, guarding pivotal daily 20SMA at 1.1235 and daily Ichimoku cloud base at 1.1260, levels that mark upside breakpoints.
Res: 1.1205; 1.1235; 1.1260; 1.1295
Sup: 1.1161; 1.1133; 1.1105; 1.1086
GBPUSD
Cable consolidates above fresh lows at 1.5105, where hourly base is forming. Near-term sideways mode is confirmed by yesterday’s long-legged Doji, with limited upside attempts, seen as preferred scenario, ahead of fresh push lower. Hourly Ichimoku cloud top at 1.5158, marks initial resistance and remains intact for now, guarding yesterday’s recovery peak at 1.5178. Daily slow stochastic remains in oversold zone and reversal higher would be seen as recovery signal.
Extended recovery above 1.5178, would expose next strong barrier at 1.5225, falling daily 10SMA. Near-term breakpoint zone lies at 1.5315/25, Fibonacci 38.2% of 1.5656/1.5105 / 10/200SMA’s death cross and formation of 20/200SMA’s death cross and only regain of these levels would neutralize immediate attempts towards 1.5085, Fibonacci 61.8% retracement of Apr/June1.4563/1.5928 rally and psychological 1.5000 support.
Res: 1.5158; 1.5178; 1.5212; 1.5225
Sup: 1.5123; 1.5105; 1.5085; 1.5000
USDJPY
The pair remains within the triangle, trading in narrowing range, with yesterday’s repeated Doji, confirming indecision. Triangle’s upper border lies at 120.27, guarding daily Ichimoku cloud, which spans between 120.52 and 120.70 and 200SMA at 120.86, with sustained break higher, needed to give positive signal for final break above short-term congestion. On the downside, triangle’s support line lies at 119.45 and marks the lower pivot.
Res: 120.13; 120.27; 120.52; 120.70
Sup: 119.75; 119.45; 119.23; 119.05
AUDUSD
The pair consolidates above 0.7000 support, where pullback from yesterday’s recovery rejection at 0.7083, found footstep. Near-term technicals are in neutral mode, with rallies being limited by daily 20SMA, break of which to signal fresh recovery off 0.6935 double-bottom. However, overall structure remains bearish and sees limited upside attempts for now, with yesterday’s high at 0.7083 and 4-hour Ichimoku cloud top at 0.7107, marking next pivotal barriers. On the downside, psychological 0.7000 support zone marks lower pivot and sustained break here would bring near-term bears back to play.
Res: 0.7061; 0.7083; 0.7107; 0.7147
Sup: 0.7010; 0.6996; 0.6970; 0.6935
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
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