EURUSD
The Euro is consolidating around 1.1100 handle, after posting marginally higher high at 1.1126 today. Strong rally of past two days that cracked important barrier at 1.1104 (Fibo 61.8% of 1.1277/1.0849 descend) shows initial signals of fatigue, as Slow Stochastic is overbought and recent action was so far limited just under strong resistances at 1.1132/36 (falling 55 and 100SMA).
Today’s easing from fresh high at 1.1126 was so far held at 1.1089, with deeper dips expected find strong bids at 1.1049 (daily Kijun-sen / yesterday’s low), which is expected to contain correction ahead of fresh attempts higher.
Close above 1.1104 is needed to confirm bulls and break through 55/100SMA’s will open next targets and strong barriers at 1.1157/76 (daily cloud base / 200SMA).
Alternatively, loss of 1.1049 handle would signal stronger correction and expose next good supports at 1.1020/00.

Res: 1.1126; 1.1136; 1.1157; 1.1176
Sup: 1.1089; 1.1049; 1.1020; 1.1000

GBPUSD

Cable eventually broke above former top and first pivot at 1.2330 which was dented on Wednesday’s spike to 1.2352, with strong bullish acceleration breaking above next target at 1.2401 (Fibo 38.2% of 1.3055/1.1997 descend). Strong bullish signals were generated on recent action, with sustained break above 1.2401, needed to confirm reversal and higher base at 1.2087/81.
Fresh gains pressure next barrier at 1.2461 (falling 30SMA) and could extend towards 1.2526 (daily Kijun-sen line) on further bullish acceleration.
Strong bullish momentum is building up on daily chart and underpins action.
Broken 1.2401 barrier now acts as initial support, followed by 1.2350 and 1.2330 (former range top / hourly higher base).
Res: 1.2448; 1.2461; 1.2500; 1.2526
Sup: 1.2401; 1.2350; 1.2330; 1.2276

USDJPY
The pair is in red for the third straight day, with today’s fresh bearish extension through supports at 103.05 (daily Kijun-sen) and 102.78 / 83 (50% retracement of 100.05/105.51 ascend / 100SMA), extending so far to 102.53, where ascending 55SMA offered temporary footstep.
The price is now holding in thick daily cloud and bearish setup of daily studies, along with two long red candles of past two days, weigh on sentiment. Further weakness may extend to 102.13 /00 (Fibo 61.8% of 100.05/105.51 / round figure support), possibly to 101.79 pivot (daily cloud base).
Meantime, corrective bounce from fresh low at 102.53, is expected to face strong barriers at 103.42/50 (session high / daily cloud top), which should cap upticks ahead of fresh push lower.
Res: 103.50; 104.02; 104.37; 104.81
Sup: 103.10; 102.53; 102.13; 101.79

AUDUSD
The pair rallied today and hit marginally higher high at 0.7681, but is still holding below 01 Nov spike high at 0.7687.
Long upper shadow of daily candle of 01 Nov signaled that strong near-term bulls might be running out of steam, as yesterday’s long-legged Doji confirmed indecision. If today’s close occurs below 0.7687 high that will be signal for extended consolidation.
Overall picture remains firmly bullish, with the upper border line of near-term triangle being cracked today.
Sustained break above triangle resistance line (currently at 0.7674) and recent high at 0.7687 will generate strong signal for bullish continuation towards targets at 0.7732/58.
Conversely, further narrowing consolidation could be anticipated while the price holds in the triangle.
Bearish signal would be expected on violation of lower triangle border (currently at 0.7638).

Res: 0.7687; 0.7707; 0.7732; 0.7758
Sup: 0.7638; 0.7618; 0.7596; 0.7556

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