EURUSD: EURUSD closing lower for 3 consecutive days, retracing all of the gains made throw the month, on a monthly point of view, monthly change was moderate. Price action could be minor at the start of the month as US markets are closed for Labor Day. Levels to watch for the week ahead are: nearest support is at 1.3190, with a break below exposing 1.3161 and 1.3140 next, followed by 1.3104. Alternatively resistance is at 1.3264, with a break above exposes 1.3297 next, followed by 1.3338.
GBPUSD: The Cable finding support last week at the support trend line set from early July, Price action forming an inside on Thursday, which could be an indication of a pause in latest declines and a resumption of the bullish trend. Nearest resistance is at 1.5560, a break above exposes 1.5610 next, followed by 1.5670. Alternatively support is at 1.5478, with a break below exposes 1.5413 next, followed by 1.5341.
USDJPY: The USDJPY climbing higher at early European session, breaking above last week’s high and above the resistance trend line set from May. Next area of interest/resistance for the USDJPY is at 99.97, the AUG high, a break above exposes 100.50 next. Alternatively support is initially at 98.57 followed by the daily low at 98.34. a break below this levels exposes 97.57 next.