EUR/USD

EURUSD was slammed after dovish comments out of the ECB, the pair broke the 1.0800 support zone but found strong support at 1.07770 and retraced 123 pips to the 1.0900 resistance level before trading lower in Asian trade. The bias is still bearish with targets at 1.0800, 1.07770 and this years low of 1.0715. However, should bulls manage to close above 1.0865, we would expect to see further upside as 1.0900 is retested.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 1.0800 1.0814 1.0824 1.0838 1.088 1.0862 1.0872
DAILY 1.0637 1.0707 1.0782 1.0852 1.0927 1.0997 1.1072
WEEKLY 1.0633 1.0718 1.0817 1.0904 1.1001 1.1086 1.1185
MONTHLY 1.0058 1.0298 1.0579 1.0819 1.1100 1.1340 1.1621
 

GBP/USD

The GBPUSD broke below its consolidation zone and made new multiyear lows but ran out of steam just below the 1.4100 support zone, where bulls came in strong to finish the day above 1.4200. The pair is consolidating again but a downside bias remains and we expect bears to retest yesterdays lows, having to break support at 1.4200, 1.4150 before. Should bulls maintain the pair above 1.4220, we would expect them to target 1.4247 and a triumphant 1.4300 as they challenge the recent status quo.

GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 1.4177 1.4191 1.4213 1.4227 1.4229 1.4263 1.4285
DAILY 1.3951 1.4015 1.4124 1.4185 1.4291 1.4355 1.4461
WEEKLY 1.3775 1.4011 1.4135 1.4371 1.4495 1.4731 1.4855
MONTHLY 1.4044 1.4383 1.4561 1.4900 1.5078 1.5417 1.5595
 

USD/JPY

USDJPY breezed through yesterdays upside targets and is currently trading above 118.00. The bias is now changing bullish with a break below 118.00 expected to be short lived as bears retrace some of yesterday move with targets at 117.52, 117.25 and 117.00. Bulls will look to stem the retrace at one of these support zone as they look to march towards 118.50 and 119.00.

USD/JPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 117.14 117.35 117.72 117.93 118.30 118.51 118.88
DAILY              
WEEKLY 114.33 115.41 116.23 117.31 118.13 119.21 120.03
MONTHLY 115.28 117.63 118.98 121.33 122.68 125.03 126.38
 

AUD/USD

AUDUSD H4 oscillators are in overbought territories and the pair looks set to test the 0.7000 support zone as they try take back some of yesterday losses, targets will be at 0.6957, 0.6918 and 0.6876. Upside targets look to be at 0.7050, 0.7075 and 0.7100.

AUD/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 0.6849 0.6967 0.6997 0.7016 0.7046 0.7065 0.7095
DAILY 0.6773 0.6823 0.6919 0.6969 0.7065 0.7115 0.7211
WEEKLY 0.6552 0.6688 0.6778 0.6914 0.7004 0.714 0.7230
MONTHLY 0.68919 0.6955 0.7118 0.7254 0.7417 0.7553 0.7716