EURUSD

The Euro eased in Asia, following repeated rejection near 1.0800 barrier (Friday/today), as falling 100SMA continues to cap (past four days trading repeatedly closed below 100SMA). Near-term action is holding within 1.0720/1.0800 congestion, trading between daily Tenkan-sen and 100SMA, without clear near-term direction. Last week’s strong upside rejection at daily cloud top generated negative signal, with loss of daily Tenkan-sen pivot (currently at 1.0723), needed for stronger bearish signal. Slow stochastic is turning lower from overbought zone and supports scenario along with daily studies that are losing traction. Firm break below 1.0700 zone is needed to complete asymmetric H&S on hourly chart and trigger fresh acceleration lower. Meantime, expect extended congestion while daily Tenkan-sen holds. Break above layers of strong barriers (falling 100SMA / daily cloud top/upper 20d Bollinger band is needed to activate bullish scenario for extension of the upleg from 1.0339 (03 Jan low).

Res: 1.0796; 1.0810; 1.0824; 1.0872

Sup: 1.0746; 1.0723; 1.0710; 1.0656

GBP/USD

Cable remains under pressure in early Monday’s trading and attempts to extend strong pullback from 1.2704 peak, after the price broke below short-term bull-channel.

Near-term bears eyes strong support zone between 1.2430 and 1.2390 (thin daily cloud / Fibo 38.2% of 1.1986/1.2704 / 100SMA), break of which is needed to confirm reversal and open way for further easing.

Sustained break lower is expected to open way towards 1.2345 (daily Kijun-sen) and 1.2260 (Fibo 61.8%) in extension
Daily Tenkan-sen (currently at 1.2557) offers solid resistance that should cap corrective upticks.

Res: 1.2496; 1.2536; 1.2557; 1.2600
Sup: 1.2430; 1.2411; 1.2390; 1.2345

USD/JPY

Near-term focus is turning lower after recovery attempts from strong 112.00 support stayed capped under sideways-moving daily Tenkan-sen line (currently at 113.70).

The pair looking for fresh attack at the lower boundary of near-term congestion between 112.00 (Fibo 38.2% of 101.17/118.65) and 113.70 (daily Tenkan-sen line), break of which would trigger stronger acceleration lower and open psychological 110.00 support (reinforced by ascending 100SMA).

Bearishly aligned daily technicals support scenario.

Alternative scenario requires firm break above Tenkan-sen barrier to sideline near-term bears and signal stronger correction of the downleg from 115.36 to 112.00.

Res: 112.26; 113.45; 113.70; 114.09
Sup: 112.21; 111.97; 111.34; 110.83

AUD/USD

The Aussie is consolidating under fresh highs at 0.7694, posted on strong bullish acceleration last week that eventually broke above former congestion top at 0.7607.

Bullish daily studies favor further advance, however, correction is expected to precede fresh upside.

Daily RSI and slow stochastic are emerging from overbought territory and expected to generate bearish signals.

Session low at 0.7650 marks initial support ahead of near-term consolidation floor at 0.7618 and strong 0.7607/02 supports (former consolidation top / daily Tenkan-sen), which should contain extended upticks.

Only break here would risk deeper pullback and expose key near-term supports at 0.7510 / 0.7488 (former consolidation range floor / 200SMA).

Renewed attempts above 0.7700 barrier would signal fresh bullish action for final attack at key short-term barrier at 0.7776 (08 Nov high).]\

Res: 0.7694; 0.7730; 0.7776; 0.7800
Sup: 0.7650; 0.7618; 0.7602; 0.7547

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