EUR/USD Current level - 1.1306
We may expect another test at 1.1268 with next target 1.1213. Initial support in case of an opposite movement is 1.1350 and then 1.1400.
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USD/JPY Current level - 113.43
We can say the breakthrough of 113.00 was successful. The first resistance for the move upwards is the 113.80 zone. Historically strong resistance is 114.00 and for rallies further we'll have to see a successful break of that level, otherwise a failed test can bring the pair to 112.00.
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GBP/USD Current level - 1.2577
We expect the pair to test again the support level at 1.2480 with next target 1.2360.
EUR/USD Current level - 1.1349
Yesterday the pair went up to the 1.1350 zone. The expectations are for a failed test at that level and renewal of the downside move towards 1.1268.
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USD/JPY Current level - 112.55
The trend remains negative after the bounce from 113.70. The expectations are for a decline towards 112.22 and a slight retracement afterwards. If the break of 112.22 is successful the new target would be around 111.75.
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GBP/USD Current level - 1.2623
We are seeing a slight optimism in the British pound. I expect an advance towards the resistance zone at 1.2690. For the bulls to take over they'll need a successful break of that level. On the contrary this could bring back the pair to the levels around 1.2550 - 1.2500.
The trend remains negative after the bounce from 113.70. The expectations are for a decline towards 112.22 and a slight retracement afterwards. If the break of 112.22 is successful the new target would be around 111.75.
The price just made a new low after the support at 23600 broke down. It's possible a slight correction to happen towards 24600 and then a renewal of the trend with target at 23000. The first resistance is 23850.
USD/JPY Current level - 110.41
Thе pair remains in a downtrend and the break of the support in 110.30, makes us expect a test of 109.80. However, a break up above 111.40, would unlock potential level around 112.20.
Keeping in mind, that on the senior frames the whole pattern after 1.1214 low is corrective, I favor a failure here at 1.1500 resistance and a beginning of a substantial slide towards the November lows. Key low lies at 1.1420 and a violation of it will signal a slide for 1.1340, en route to 1.1264.
The low liquidity during the end of the holiday led to a brief spike above 1.2710 hurdle, but my outlook is bearish, for a return below the mentioned area and a violation of 1.2615 crucial low will confirm, that the prolonged consolidation pattern after 1.2470 is over.
The violation of 1.1420 allowed a slide to 1.1310 and the overall outlook is bearish, for a continuation of the slide towards 1.1214 lows. Intraday allow a brief corrective rebound, which is expected to be limited below 1.1420 hurdle.
------------------------------------------------------------------------------------------------------------------------------------------------------- GBP/USD Current level - 1.2579
The break through 1.2710 support was followed by a massive sell-off, all the way down to 1.2420. The current rebound is corrective and the intraday bias is positive, for a rise towards 1.2620 area.
------------------------------------------------------------------------------------------------------------------------------------------------------- USD/JPY Current level - 107.78
Last night's flash crash led to a local low at 104.60 and now the bias is already positive, for a test of 108.70 static resistance. Initial support lies at 106.70.
EUR/USD Current level - 1.1404
The hurdle at 1.1420 is expected to limit the upside, for another wave downwards, to 1.1260. Initial minor support lies at 1.1380.
The reversal at 1.1485 shows a completion of the rise since 1.1345 low, but the major upmove form 1.1310 is still intact, so the attack of 1.1500 resistance remains on track. Only a break below 1.1415 area will signal a major reversal and beginning of a downward move. A violation of 1.1500 will target 1.1630 zone.
Due to the corrective structure of the rebound above 1.2710, I favor an intraday slide , through the mentioned support, towards 1.2615 area. Crucial on the upside is 1.2810.
GBP/USD Current level - 1.2766
The failure at 1.2710 led to a new rise towards the upper boundary, but 1.2810 hurdle is still intact, so I favor another downswing towards 1.2710 and 1.2620 later on.
The violation of 1.1500 support signals a negative bias, for a test of 1.1410 area. A break through the latter will target 1.1260 zone. Initial intraday resistance lies at 1.1500 and crucial on the upside is 1.1540.
The outlook remains bearish, for a break through 1.1410 area, towards 1.1260. Initial intraday resistance lies at 1.1500 and crucial on the upside is 1.1540.
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