EURUSD

The Euro remained bid in Asia, following bounce on Thursday. Price is holding near 1.0700 pivot ( reinforced by falling 20SMA), supported by bullish n/t studies and eyeing today’s US jobs data (175K f/c vs 161K previous) for firmer signal.
Overall picture is bearish and favors fresh attempts towards strong 1.05 support zone after completion of consolidation phase.
Firm break above 1.0700 would delay for stronger correction towards next pivotal zone at 1.0800/15 (Fibo 38.2% of 1.1298/1.0516 / 30 SMA).
Daily Tenkan-sen marks downside pivot at 1.0600.

Res: 1.0700; 1.0758; 1.0800; 1.0815
Sup: 1.0654; 1.0600; 1.0583; 1.0551

GBPUSD

Cable is consolidating Thursday’s strong rally that peaked at 1.2694, but failed to close above key 1.2671 barrier (former top of 11 Nov). Daily candle with long upper shadow signals hesitation at strong resistance zone (daily cloud top lies at 1.2720).
Bulls are firmly in play and look for final break higher that may stretch towards 1.2800 zone (post Brexit vote fall’s low).
First support lies at 1.2575, followed by strong 1.2558 handle (low of correction from 1.2694 high) and 1.2526 (rising Tenkan-sen) loss of which would revive n/t bears.
Res: 1.2694; 1.2720; 1.2795; 1.2816
Sup: 1.2575; 1.2558; 1.2526; 1.2500

USDJPY
Bounce from o/n correction low at 113.56 is holding around 114.00 handle, capped by hourly Kijun-sen for now.
The price remains bid but overbought that keeps in play risk of stronger pullback, after Thursday’s close in red.
Firm break below 113.50 pivot would confirm bearish signal on hourly double top, for further easing.
Daily Tenkan-sen marks next strong support at 112.53.
Conversely, sustained lift above 114.00 handle would focus 114.81 peak and next target at 115.60 (weekly cloud top).

Res: 114.04; 114.70; 114.81; 115.60
Sup: 113.50; 113.00; 112.53; 112.04

AUDUSD
Aussie remains supported in Asia today, following bullish close on Thursday after finding footstep at 0.7370 zone.
N/t action is attempting to sustain gains above 0.7400 handle (weekly cloud top) for extended recovery of Wed’s sharp fall (0.7495/0.7372).
We need to see close above 0.7450 pivot to confirm reversal, otherwise risk of lower top formation and fresh weakness will remain in play, as daily studies are firmly bearish, as the pair ended November in red.

Res: 0.7431; 0.7450; 0.7495; 0.7524
Sup: 0.7400; 0.7370; 0.7308; 0.7283

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