GBPUSD faces risk of more weakness nearer term following its second day of losses on Thursday. Support lies at 1.3050 area with a break below that level turning focus to the 1.3000 level. Further down, support comes in the 1.2950 level where a violation will shift focus to the 1.2900 level. Below here will open the door towards the 1.2850 level. On the upside, resistance comes in at the 1.3150 with a break above there allowing for more strength to occur towards the 1.3200 level. Further out, resistance stands at the 1.3250 level followed by the 1.3300 level. On the whole, GBPUSD faces further pullback threats on the back of its recent weakness.
USDJPY faces further price recovery higher towards its consolidation range top at 109.72 zone. On the upside, resistance comes in at 110.00 level. Above this level will turn attention to the 110.50 level. Further out, we expect a possible move towards the 111.00 level. A cut through here will open the door for more gain towards the 111.50. Its weekly RSI is bullish and pointing higher suggesting more strength. On the downside, support comes in at the 109.00 level where a break will target the 108.50 level. Below that level will turn focus to the 108.00 level and then lower towards the 107.50 level. On the whole, USDJPY faces further recovery threats in the new week.
EURUSD Eyes More Weakness Towards The 11.1000 Zone
EURUSD looks to decline after selling off on Friday. Resistance comes in at the 1.1200 where a break will turn risk to the 1.1150 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further up, resistance lies at the 1.0900 level. A cut through that level will clear the way for a move towards the 1.0850 level. All in all, EURUSD looks for more recovery threats to occur.
USDCHF faces risk of further move higher following a positive close the past week. Resistance comes in at the 0.9750 level. Above here, resistance lies at the 0.9800 level and then the 0.9850 level. Further out, resistance stands at the 0.9900 level. On the downside, support is located at the 0.9650 level with a turn below here opening the door for more decline towards the 0.9600 level. And then the 0.9550 level. Further down, support comes in at the 0.9500 level. All in all, USDCHF remains biased to the upside on price strength.
GBPUSD faces further downside pressure as it trades towards the 1.2953 level. Support stands at 1.2950 area with a break below that level turning focus to the 1.2900 level. Further down, support lies at the 1.2850 level where a violation will turn focus to the 1.2800 level. Below here will open the door towards the 1.2750 level. On the upside, resistance is located at the 1.3050 with a break above there allowing for morel strength to build up towards the 1.3100 level. Further out, resistance stands at the 1.3150 level followed by the 1.3200 level. On the whole, GBPUSD faces further pullback threats.
USDCHF faces risk of further move lower following its price sell off the past week. Resistance comes in at the 0.9650 level. Above here, resistance lies at the 0.9700 level and then the 0.9750 level. Further out, resistance stands at the 0.9800 level. On the downside, support is located at the 0.9600 level with a turn below here opening the door for more decline towards the 0.9550 level. And then the 0.9500 level. Further down, support comes in at the 0.9450 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains biased to the downside on price weakness.
EURUSD has rallied strongly on Friday leaving risk of more strength on the cards. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further down, resistance lies at the 1.0950 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD looks for more strength to occur in the new week.
USDCHF Looks To Extend Upside Pressure, Eyes The 0.9766 Area
USDCHF faces risk of further move higher as it extended its upside pressure with eyes on 0.9766 area. Resistance lies at the 0.9800 level with a turn above here targeting the 0.9850 level and then the 0.9850 level. Further out, resistance stands at the 0.9900 level. Its daily RSI is bullish and pointing higher suggesting more strength. On the downside, support is located at the 0.9700 level with a break below here opening the door for more decline towards the 0.9650 level. Further down, support resides at the 0.9550 level followed by the 0.9500 level. A cut through here will open the door for more weakness towards the 0.9450 level. All in all, USDCHF remains biased to the upside on price weakness.
EURUSD faces risk of a move lower following its sell off the past week. Resistance comes in at the 1.1000 where a break will turn risk to the 1.1050 level. A breach below here will target the 1.1100 level. Further up, resistance stands at the 1.1150. Conversely, on the downside, support comes in at 1.0900 level with a violation of there opening the door for further gain towards the 1.0850 level. Further down, resistance lies at the 1.0800 level. A cut through that level will clear the way for a move towards the 1.0750 level. All in all, EURUSD looks for more weakness.
EURGBP may be vulnerable to the downside but still trapped in a trading range. On the downside, support stands at the 0.8400 level where a violation will turn focus to the 0.8350 level. A break below here will aim at the 0.8300 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Itys daily RSI bearish and pointing lower suggesting further decline. Conversely, resistance lies at the 0.8500 level. A violation if seen will turn risk towards the 0.8550 level. Further up, resistance comes in at 0.8600 level followed by the 0.8650 level. All in all, EURGBP remains biased to the downside but with caution.
EURUSD faces risk of further move lower as it sold off the past week. Resistance comes in at the 1.0850 where a break will turn risk to the 1.0900 level. A breach below here will target the 1.0950 level. Further up, resistance stands at the 1.1000. Conversely, on the downside, support comes in at 1.0800 level with a violation of there opening the door for further gain towards the 1.0750 level. Further down, resistance lies at the 1.0700 level. A cut through that level will clear the way for a move towards the 1.0650 level. All in all, EURUSD looks for more weakness.
AUDUSD looks to extend further lower on its bearishness as it retains its long term weakness. On the downside, support comes in at the 1.6661 level. A cut through here will turn focus to the 0.6600 level and then the 0.6550 level. A violation will set the stage for a retarget of the 0.6500 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.6700 level where a breach will aim at the 0.6750 level. Below here will open the door for a run at the 0.6800 level and then the 0.6850 level. On the whole, AUDUSD faces further downside threats short term.
GBPUSD looks to extend downside pressure as it closed lower on Thursday. Support stands at 1.2850 area with a break below that level turning focus to the 1.2800 level. Further down, support lies at the 1.2750 level where a violation will turn focus to the 1.2700 level. Below here will open the door towards the 1.2650 level. On the upside, resistance is located at the 1.2900 with a break above there allowing for morel strength to build up towards the 1.2950 level. Further out, resistance stands at the 1.3000 level followed by the 1.3050 level. On the whole, GBPUSD faces further downside threats In the days ahead.
EURUSD faces risk of further move higher having rallied of its lows the past week. Resistance comes in at the 1.0900 where a break will turn risk to the 1.0950 level. A breach below here will target the 1.1000 level. Further up, resistance stands at the 1.1050. Conversely, on the downside, support comes in at 1.0800 level with a violation of there opening the door for further gain towards the 1.0750 level. Further down, resistance lies at the 1.0700 level. A cut through that level will clear the way for a move towards the 1.0600 level. All in all, EURUSD looks for more recovery.
GBPJPY looks to weaken further following a strong sell off on Friday. On the downside, support comes in at the 137.50 level where a violation will aim at the 137.00 level. A break below here will target the 136.50 level followed by the 136.00 level. Its daily RSI bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the 138.50 level followed by the 139.00 level. A cut through that level will set the stage for a move further higher towards the 139.50 level. Further out, resistance resides at the 140.00 level. All in all, GBPJPY remains biased to the downside nearer term.
EURUSD faces risk of further move higher following its past week rally. Resistance comes in at the 1.1050 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1150 level. Further up, resistance stands at the 1.1200. Conversely, on the downside, support comes in at 1.1000 level with a violation of there opening the door for further gain towards the 1.0950 level. Further down, resistance lies at the 1.0900 level. A cut through that level will clear the way for a move towards the 1.0850 level. All in all, EURUSD looks for more recovery higher.
AUDUSD looks to extend further higher as it holds on to its recovery threats. On the downside, support comes in at the 1.6550 level. A cut through here will turn focus to the 0.6500 level and then the 0.6450 level. A violation will set the stage for a retarget of the 0.6400 level. Conversely, resistance lies at the 0.6650 level where a breach will aim at the 0.6700 level. Below here will open the door for a run at the 0.6750 level and then the 0.6800 level. Its daily RSI is bullish and pointing higher suggesting more strength On the whole, AUDUSD faces further upside threats in the short term.
USDCHF faces risk of further move lower as it sold off the past week. Resistance comes in at the 0.9400 level. Above here, resistance lies at the 0.9650 level and then the 0.9650 level. Further out, resistance stands at the 0.9700 level. On the downside, support is located at the 0.9300 level with a turn below here opening the door for more decline towards the 0.9250 level. And then the 0.9200 level. Further down, support comes in at the 0.9150 level. Its weakly RSI is bearish and pointing lower suggesting more decline. All in all, USDCHF remains biased to the downside on further price weakness
EURGBP looks to strengthen further and resume its medium term uptrend. On the downside, support lies at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break below here will aim at the 0.8600 level. Further down, support comes in at 0.8550 level. Conversely, resistance lies at the 0.8800 level. A violation if seen will turn risk towards the 0.8850 level. Further up, resistance comes in at 0.8900 level followed by the 0.8950 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. All in all, EURGBP remains biased to the upside on further bull pressure.
EURUSD faces risk of further move lower as it embarks on a third of bearishness. This is coming on the back of its price rejection on Tuesday. Resistance stands at the 1.1250 where a break will turn risk towards the 1.1300 level. A breach above here will target the 1.1350 level. Further up, resistance stands at the 1.1400. Conversely, on the downside, support comes in at 1.1200 level with a violation of there opening the door for further gain towards the 1.1150 level. Further down, resistance lies at the 1.1100 level. A cut through that level will clear the way for a move towards the 1.10500 level. All in all, EURUSD looks for more bearish pressure in the days ahead.
