EUR/USD
Recovery phase off 1.1875 2010 low, posted 07 Jun, stalled at 1.2468 yesterday, near 76.4% retracement of 1.2671/1.1875 downleg. Trendline support at 1.2373 and a higher platform at 1.2339, have been lost, exposing key 1.2240, 17Jun low, support. Forming higher low above here will keep immediate bulls in play, while break lower risks bear resumption.
Res: 1.2353, 1.2398, 1.2415, 1.2468
Sup: 1.2283, 1.2240, 1.2162, 1.2110
GBP/USD
Yesterday’s break above hourly rising wedge resistance failed to sustain gains, stalling at 1.4935, ahead of reversal. Break below trendline support at 1.4800 confirms a false break higher. Immediate support now stands at 1.4710, 38.2% retracement of 1.4344/1.4935 rise, break of which to expose 1.4644. Upside, 1.4935 caps for now and only clear break here to resume bulls.
Res: 1.4805, 1.4854, 1.4885, 1.4935
Sup: 1.4710, 1.4644, 1.4607, 1.4571
USD/JPY
Recovery off 90.22, yesterday’s low, stalled at 91.49, falling trendline drawn off 04 Jun high, ahead of reversal. This now seeks a swing low over 90.22, while re-defining a 5 weeks triangle. Bias remains for an eventual downside break.
Res: 91.21, 91.49, 91.81, 91.95
Sup: 90.62, 90.22, 89.80, 89.21
USD/CHF
Spiked lower yesterday, to post fresh 5 weeks low at 1.0995, before bouncing. Structure so far suggests this is corrective ahead of next downside attempt through 1.0995, towards 1.0924, near 61.8% retracement of 1.0435/1.1730 upleg. Upside, 1.1208/25 caps for now.
Res: 1.1136, 1.1154, 1.1225, 1.1249
Sup: 1.1068, 1.1007, 1.0995, 1.0924
Recovery phase off 1.1875 2010 low, posted 07 Jun, stalled at 1.2468 yesterday, near 76.4% retracement of 1.2671/1.1875 downleg. Trendline support at 1.2373 and a higher platform at 1.2339, have been lost, exposing key 1.2240, 17Jun low, support. Forming higher low above here will keep immediate bulls in play, while break lower risks bear resumption.
Res: 1.2353, 1.2398, 1.2415, 1.2468
Sup: 1.2283, 1.2240, 1.2162, 1.2110
GBP/USD
Yesterday’s break above hourly rising wedge resistance failed to sustain gains, stalling at 1.4935, ahead of reversal. Break below trendline support at 1.4800 confirms a false break higher. Immediate support now stands at 1.4710, 38.2% retracement of 1.4344/1.4935 rise, break of which to expose 1.4644. Upside, 1.4935 caps for now and only clear break here to resume bulls.
Res: 1.4805, 1.4854, 1.4885, 1.4935
Sup: 1.4710, 1.4644, 1.4607, 1.4571
USD/JPY
Recovery off 90.22, yesterday’s low, stalled at 91.49, falling trendline drawn off 04 Jun high, ahead of reversal. This now seeks a swing low over 90.22, while re-defining a 5 weeks triangle. Bias remains for an eventual downside break.
Res: 91.21, 91.49, 91.81, 91.95
Sup: 90.62, 90.22, 89.80, 89.21
USD/CHF
Spiked lower yesterday, to post fresh 5 weeks low at 1.0995, before bouncing. Structure so far suggests this is corrective ahead of next downside attempt through 1.0995, towards 1.0924, near 61.8% retracement of 1.0435/1.1730 upleg. Upside, 1.1208/25 caps for now.
Res: 1.1136, 1.1154, 1.1225, 1.1249
Sup: 1.1068, 1.1007, 1.0995, 1.0924