USDJPY retracing all of yesterday’s losses today as the pair is approaching to the monthly highs set earlier this on Monday at 101.90. Next area of interest for the pair is at 102.39 followed by 102.75. Bias remains to the upside as long as this market is trading above last Friday lows at 99.99. A move below this level would be a bearish signal.
GBPUSD approaching the monthly highs set earlier this week on Monday, The pair has been consolidating for the last 3 months between levels of 1.5900 to 1.6230, the pair is currently trading at the top of the range and we will see if this level holds as resistance again. In this case below 1.6131 would be a bearish signal, if the pair breaks resistance, we could witness a move in a scale of the latest range.
AUDUSD closing negatively for 5 days in a row, the pair made a 5 wave impulsive move lower, we might the pair retracing some of the latest decline before the next move lower towards the yearly lows set on August earlier this year. Bias is to the downside as long as this market is trading below 0.9301, a move above would be a bullish signal.