GBPUSD: Price action posting a long bullish candle yesterday, The GBPUSD posting a new weekly and a monthly high. Bias still remains to the upside, while buying weakness is the preferred strategy as long as we are above 1.5390. A break above 1.5528 targets 1.5590 next, followed by 1.5680.
USDCHF: Prices Action breaking the support of the rising trend line set from February, exposing at 0.9175. A move below this level would target 0.9130 next, the June low. The Trend line support set from February now turned resistance with resistance now at 0.9240; a move above this level would target 0.9260 and 0.9290 next.
NZDUSD: The NZDUSD closing a3rd consecutive day higher, retracing 61.8% of the declines set from last week’s highs to this week’s lows, set on Monday. Nearest resistance is at 0.8004, a break above exposes 0.8055 and 0.8180 next. Support is at 0.7884, with a move below exposes 0.7815 and weekly lows at 0.7735 next.
EUR/JPY: Prices Action breaking the support of the rising trend line set from April. The EURJPY closing a 3rd day in a row lower, Support is at 127.86 next, a break below exposes 127.00 next. Resistance is at 129.30 followed 129.70, Yesterday’s high, while a break above 129.70 exposes 129.97 next.