EUR/USD
Extends reversal after an upside failure at 1.2468 on 21 Jun. Market has so far found support at 1.2243/40, 38.2% retracement of 1.1875/1.2468 upleg / 17 June higher platform, though, risk remains for fresh weakness through 1.2240, to target 1.2162 next. Upside, break above 1.2327/53 zone is needed to ease bear pressure and refocus 1.2468.
Res: 1.2327, 1.2353, 1.2398, 1.2415
Sup: 1.2243, 1.2214, 1.2162, 1.2110
GBP/USD
Reversed lower, following an upside failure at 1.4935 on 21 June. Yesterday’s break below trendline support reached 1.4686, ahead of strong bounce. Today’s break of 1.4854 and pressure at 1.4885 resistances, increases hopes for retest of 1.4935, though, risk of lower top and fresh weakness is not ruled out.
Res: 1.4885, 1.4935, 1.4965, 1.5005
Sup: 1.4779, 1.4737, 1.4686, 1.4644
USD/JPY
Recovery off 90.22, 21 June low, stalled at 91.47, 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: 90.78, 91.09, 91.21, 91.47
Sup: 90.33, 90.22, 89.80, 89.21
USD/CHF
Spiked lower, to post fresh 5 weeks low at 1.0995 on 21 June, 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. Break above 1.1136/54 is needed to trigger fresh strength.
Res: 1.1136, 1.1154, 1.1225, 1.1249
Sup: 1.1033, 1.1007, 1.0995, 1.0924
Extends reversal after an upside failure at 1.2468 on 21 Jun. Market has so far found support at 1.2243/40, 38.2% retracement of 1.1875/1.2468 upleg / 17 June higher platform, though, risk remains for fresh weakness through 1.2240, to target 1.2162 next. Upside, break above 1.2327/53 zone is needed to ease bear pressure and refocus 1.2468.
Res: 1.2327, 1.2353, 1.2398, 1.2415
Sup: 1.2243, 1.2214, 1.2162, 1.2110
GBP/USD
Reversed lower, following an upside failure at 1.4935 on 21 June. Yesterday’s break below trendline support reached 1.4686, ahead of strong bounce. Today’s break of 1.4854 and pressure at 1.4885 resistances, increases hopes for retest of 1.4935, though, risk of lower top and fresh weakness is not ruled out.
Res: 1.4885, 1.4935, 1.4965, 1.5005
Sup: 1.4779, 1.4737, 1.4686, 1.4644
USD/JPY
Recovery off 90.22, 21 June low, stalled at 91.47, 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: 90.78, 91.09, 91.21, 91.47
Sup: 90.33, 90.22, 89.80, 89.21
USD/CHF
Spiked lower, to post fresh 5 weeks low at 1.0995 on 21 June, 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. Break above 1.1136/54 is needed to trigger fresh strength.
Res: 1.1136, 1.1154, 1.1225, 1.1249
Sup: 1.1033, 1.1007, 1.0995, 1.0924