EURUSD

The Euro jumped higher after meeting target at 1.0519 (Dec 2015), on expected hesitation at this strong support. The notion was confirmed by yesterday’s daily Doji candle. Recovery attempts spiked above important resistance at 1.0600 (Fibo 61.8% of 1.0656/1.0516 downleg), but so far without clear break higher.
Sustained break above 1.0600 barrier would expose key near-term resistance at 1.0656 (22 Nov lower top, reinforced by falling daily Tenkan-sen line), clear break of which would signal stronger bounce and sideline immediate downside threats.
Overall bearish structure keeps focus at the downside, as the latest fall cracked the upper boundary of critical support zone between 1.0519 and 1.0461 (2015 low). However, extended consolidation before final push lower could be anticipated, as the pair on track for weekly close in long-legged Doji candle that signals strong indecision.

Res: 1.0613; 1.0642; 1.0656; 1.0710
Sup: 1.0584; 1.0537; 1.0516; 1.0500

GBPUSD

Cable is at the edge, trading around daily cloud base that so far maintained downside pressure, despite bear rejections at 1.2300/58. Past two day’s action ended in Doji candles, even though ticking higher.
Daily studies are gaining traction, with today’s trading being supported by daily Tenkan-sen line at 1.2413. Firm break into daily cloud will be seen as initial bullish signal, while close above strong barrier at 1.2510 (lower platform, formed on repeated upside rejections), will signal stronger upside action.
The pair is on track for bullish weekly close that supports the notion.
Conversely, close below daily cloud base would keep the downside at risk. First support lies at 1.2413, followed by pivot at 1.2358 (23 Nov low) and key support and bearish trigger at 1.2300 (18 Nov trough).
Res: 1.2510; 1.2527; 1.2590; 1.2671
Sup: 1.2413; 1.2376; 1.2358; 1.2300

USDJPY
The pair eased from fresh high at 113.88, with pullback looking to find support. Dips were so far contained at 112.54, just ahead of yesterday’s low at 112.36. Strong bullish structure keeps bulls in play for further upside and extension towards next target at 114.28 (Fibo 61.8% of larger 123.74/98.98 fall).
However, stronger easing on week-end profit taking cannot be ruled out. No firm reversal signal of strongly overbought daily RSI and Slow Stochastic so far, but loss of 112.54/36 handles may trigger stronger pullback towards next strong support at 110.80 zone (23 Nov low / Fibo 23.6% of 101.17/113.88 rally, reinforced by rising daily 10SMA).
Res: 113.18; 113.58; 113.88; 114.28
Sup: 112.54; 112.36; 112.00; 111.34

AUDUSD
Aussie spiked to fresh recovery high at 0.7466 today, cracking strong barrier at 0.7443 (daily Tenkan-sen) signaling possible extended recovery from 0.7308 low. Daily close above Tenkan-sen line is seen as minimum requirement, while close above 0.7475 (Fibo 61.8% of 0.7579/0.7308 downleg), would confirm strong near-term bullish stance.
Fresh strength emerged above weekly cloud top and signals bullish weekly close that will confirm scenario.
Initial supports lay at 0.7415/00 should ideally contain dips to keep intact pivotal support at 0.7362 (24 Nov hourly higher platform).
Res: 0.7466; 0.7487; 0.7518; 0.7542
Sup: 0.7415; 0.7400; 0.7362; 0.7340

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