EURUSD

The Euro is firmer on Thursday and holding around 1.0770 after 1.0700 support zone contained pullback.
Wednesday’s bullish close sidelined immediate downside risk, but price remains within 1.0700/1.0800 congestion ahead of ECB, due later today.
Near-term studies are bullishly aligned, while daily technicals are in mixed mode.
Break of initial 1.0700/1.0800 range is needed to signal near-term direction.
Above 1.0800 would attract 1.0900 zone (50% retracement of 1.1298/1.0504 fall / 55SMA), possibly 1.1000 (Fibo 61.8%) in extension.
On the other side, loss of 1.0700 handle would weaken near-term structure and risk fresh weakness towards 1.0650/15 initially.
The ECB is expected to stay unchanged and extend QE program.

Res: 1.0795; 1.0807; 1.0849; 1.0900
Sup: 1.0747; 1.0700; 1.0649; 1.0615

GBPUSD

Cable is consolidating above correction low at 1.2568, where rising 10SMA contained two-day pullback.
Bullish daily studies favor fresh attempts above cracked daily cloud top at1.2720 for extension towards 1.2800 zone.
Daily Tenkan-sen / 10SMA at 1.2580 zone should stay intact and protect the downside, while break here would risk deeper pullback towards 1.2533 (Kijun-sen) and breakpoint at 1.2500 zone (20SMA / bull-trendline off 1.2081 low).
Res: 1.2662; 1.2720; 1.2772; 1.2800
Sup: 1.2580; 1.2568; 1.2530; 1.2500

USDJPY
The pair remains at the back foot after pullback extended to 113.00 zone after failure to sustain recovery above 114.00 handle.
Daily Tenkan-sen contains for now, but n/t outlook remains weak, despite bounce to 113.70 zone.
Daily RSI is reversing from oversold territory and reinforces negative signals from bearish divergence.
Break below 112.85 trough is needed to signal further downside and expose lower breakpoint at 111.34 (28 Nov trough).
Conversely, sustained break above 114.00 would sideline immediate downside threats.

Res: 113.70; 114.00; 114.38; 114.81
Sup: 113.07; 112.85; 112.04; 111.60

AUDUSD
Aussie regained strength and is testing again strong resistance at 0.7500 zone.
Yesterday’s long-tailed bullish candle underpins the action that needs firm break above 0.7500 barrier to signal bullish resumption of recovery from 0.7308 (21 Nov low).
However, plethora of significant barriers lies above 0.7500, starting with 200SMA at 0.7529 that may obstruct fresh bulls. Also, overbought Slow Stochastic warns of repeated hesitation at 0.7500 resistance zone.
Look for bullish signals on break above 0.7500 and 0.7529, while return below session low at 0.7471 would soften near-term bulls.
Daily Tenkan-sen marks the lower trigger at 0.7437.

Res: 0.7506; 0.7529; 0.7542; 0.7574
Sup: 0.7471; 0.7437; 0.7414; 0.7400

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