EURUSD

The Euro shows positive signals on bullish near-term studies, but so far lacking stronger action, as the price remains within 1.1324/91 consolidation range. Double Doji candles in past two days confirm indecision, as the price returned into daily Ichimoku cloud, which underpinned near-term action.
However, strong bullish signals were generated on multiple bull-crosses of daily MA’s.
Sustained break above 1.1400 resistance zone (near-term range top / daily cloud top) and 1.1416 (Fibo 61.8% of 1.1614/1.1096) is needed to confirm bullish resumption and expose next barriers at 1.1445/92 (11 May lower top / Fibo 76.4% retracement).
Extended dips would be allowed towards 1.1280 (Fibo 38.2% of 1.1096/1.1391 upleg), which marks downside trigger.

Res: 1.1391; 1.1416; 1.1445; 1.1492
Sup: 1.1352; 1.1324; 1.1300; 1.1278

GBPUSD

Cable consolidates above initial support at1.4500, after the price eased from yesterday’s spike to 1.4655 and renewed upside attempt that stalled at 1.4607.
Yesterday’s candle with long upper shadow showed that selling pressure exists and limits upside attempts for now.
Near-term technicals remain bullishly aligned, with daily cloud top at 1.4463, offering key near-term support.
However, mixed setup of daily studies shows lack of clear direction. Return above 1.4600 handle will be seen as initial bullish signal, while break above 1.4655 peak is needed to confirm bullish resumption of recovery phase from 1.4350 low.
Meantime, extended congestion would be likely near-term scenario, while penetration of daily cloud top would soften near-term tone.

Res: 1.4577; 1.4607; 1.4655; 1.4700
Sup: 1.4500; 1.4463; 1.4422; 1.4400

USDJPY

Near-term focus is turning lower, following yesterday’s recovery stall at 107.89 and subsequent easing that left red daily candle with long upper shadow – bearish signal.
Today’s fresh bearish extension dipped to 106.71 (Fibo 61.8% of 106.35/107.89 correction), signaling an end of near-term corrective phase.
Near-term studies returned into negative territory, supporting full retracement of 106.35/107.89 upleg, as overall firm bearish structure favors extension towards key short-term support at 105.53 (low of 03 May).
Initial resistance lies at 107.37 (session high), followed by key near-term barrier at 107.89 (yesterday’s upside rejection).

Res: 107.37; 107.89; 108.30; 108.90
Sup: 106.70; 106.35; 106.00; 105.53

AUDUSD

Aussie remains supported and rallied to fresh high at 0.7462, posted earlier today, with near-term action consolidating within narrow range.
Yesterday’s long bullish daily candle and close above 0.7400 (Fibo 38.2% of 0.7833/0.7143 downleg) generated bullish signal.
Rallies were so far capped by daily Ichimoku cloud base (currently at 0.7469), with extended consolidation here expected before bulls resume. Technical studies maintain strong bullish tone and favor eventual penetration into daily cloud, for test of next barrier at 0.7488 (50% of 0.7833/0.7143) and extension towards 0.7569 (Fibo 61.8% retracement.
Ascending 100SMA at 0.7374 is expected to contain extended dips.

Res: 0.7469; 0.7488; 0.7515; 0.7569
Sup: 0.7400; 0.7374; 0.7336; 0.7313