EURUSD
The Euro posted marginally lower low at 1.1230 in Asia, extending strong fall of past two days, after upside rejection at daily Ichimoku cloud top at 1.1416. The pair ended week in long red candle with long upper shadow that generated fresh bearish signal.
Technicals turned into bearish mode, suggesting further downside, with attack at key support at 1.1217 (base of thick daily cloud / Fibo 61.8% of 1.1096/1.1416 upleg), seen as favored near-term scenario.
Meantime, consolidation phase ahead of fresh push lower could be anticipated. Daily 20SMA offered temporary support at 1.1230 (session low), with bounce expected to ideally stay under 1.1300 handle (Fibo 38.2% of 1.1416/1.1230 downleg), and possible extended corrective action not to exceed 1.1345 (Fibo 61.8% retracement).
Sustained break below daily cloud base would trigger fresh bearish acceleration towards 1.1135 (03 June low) and expose key short-term support at 1.1096 (30 May trough of larger rise from 1.0519 (Nov 2015 low).
Res: 1.1273; 1.1300; 1.1345; 1.1370
Sup: 1.1230; 1.1217; 1.1162; 1.1135

GBPUSD

Cable dipped below 1.4200 handle and posted fresh 8-week low, on extension of last week’s strong fall that surged through daily Ichimoku cloud (spanned between 1.4300 and 1.4488). Pressure on Sterling is increasing on Brexit fears, with daily technicals in full bearish mode, suggesting further extension of short-term weakness that has already retraced over 76.4% of larger 1.14004/1.4768 bull-phase.
The third wave that of five-wave move from 1.4737 peak, so far met its target of 138.2% Fibonacci expansion at 1.4155, could travel to 1.4069 (FE 161.8%) and 1.4016 (FE 176.4%), in extension. Meantime, technical bounces would face initial resistance at 1.4267 (session high) and should stay capped by broken daily cloud base at 1.4300.

Res: 1.4219; 1.4267; 1.4300; 1.4330
Sup: 1.4155; 1.4100; 1.4069; 1.4016

USDJPY

The pair approaches key short-term support at 105.53 (03 May low), on fresh bearish acceleration at the beginning of the week, after two long-legged Dojis signaled indecision during past two days.
Bears are fully in play for final attempt through strong 105.50 zone support, loss of which could trigger acceleration towards next strong support at 100.80 (weekly higher base).
However, extended consolidation ahead of key support are could be expected on oversold conditions, with limited upside action seen so far.
Former low at 106.35 marks initial resistance, ahead of 106.86 (session high) and hourly lower platform at 107.20 zone (last Friday’s highs) which is expected to cap extended upticks.
Res: 106.35; 106.86; 107.24; 107.44
Sup: 105.72; 105.53; 105.18; 105.00

AUDUSD
Aussie retraced over 38.2% of 0.7146/0.7902 upleg on extension of two-day pullback from 0.7502 peak, after failure to sustain break above daily Ichimoku cloud base at 0.7470. This now acts as strong resistance, which may hold extended near-term consolidation, before fresh attempts higher. Bullish alignment of daily Tenkan-sen & Kijun-sen lines (bull-cross) supports scenario, with rising Tenkan-sen line (currently at 0.7350), seen as ideal reversal point.
Bullish extension above 0.7447 (09 June lower top / Fibo 61.8% of 0.7502/0.7353), is needed to confirm reversal.
Conversely, increased downside risk could be expected on violation of 0.7324 (daily Kijun-sen line / 50% of 0.7146/0.7502).
Res: 0.7415; 0.7447; 0.7468; 0.7502
Sup: 0.7350; 0.7324; 0.7282; 0.7230

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