EURUSD

The Euro remains volatile after big fall on Thursday and trades above fresh low at 1.0587, posted today. Yesterday’s large bearish candle with long upper shadow, formed after strong upside rejection, weighs heavily on near-term price action.
Bearish studies maintain pressure for further downside, with firm break below 1.0600 handle, needed to open way towards recent lows at strong 1.0500 support zone.
Meantime, consolidation should be ideally capped under 1.0700 zone (daily Tenkan-sen at 1.0688 and Fibo 38.2% of yesterday’s fall at 1.0696).
Any break higher would signal extended consolidation ahead of final attempt below critical supports at 1.0500/1.0461. Long-legged weekly Doji candle supports such scenario.

Res: 1.0630; 1.0654; 1.0700; 1.0730
Sup: 1.0587; 1.0551; 1.0504; 1.0461

GBPUSD

Cable remains at the back foot following three-day pullback from fresh high at 1.2772 that dipped to 1.2547 so far.
Narrow consolidation above the later was limited and signals fresh weakness, as near-term techs are bearish.
Near-term focus remains shifted lower, with immediate support at 1.2536 (daily Tenkan-sen) being under pressure, ahead of more significant 1.2500 support zone (Fibo 38.2% of 1.2081/1.2772 rally / bull-trendline off 1.2081), loss of which is needed to trigger stronger correction of recovery from 1.2000 zone.
Initial resistance at 1.2600 zone remains intact for now, guarding pivot at 1.2633 (Fibo 38.2% of 1.2772/1.2547 pullback).
Only sustained break above daily cloud top at 1.2720 would neutralize downside threats and shift focus higher.
Res: 1.2600; 1.2633; 1.2660; 1.2702
Sup: 1.2547; 1.2536; 1.2500; 1.2473

USDJPY
Near-term focus is shifting higher after daily Tenkan-sen contained pullback and subsequent rally establishes above 114.00 handle, neutralizing downside risk.
Daily Tenkan-sen turned north again, indicating fresh momentum for renewed attempt towards upper triggers at 114.81/115.00.
Larger bulls remain intact, as fresh strength signals an end of n/t consolidation phase and resumption of steep upleg that commenced after US elections.
Violation of 115.00 barrier would look for another upper trigger, weekly cloud top at 115.40.
Initial support lies at 114.54, followed by 114.00 and daily Tenkan-sen at 113.20,

Res: 114.81; 115.00; 115.40; 116.00
Sup: 114.54; 114.00; 113.63; 113.20

 
AUDUSD
The pair is trading lower on Friday, after repeated failure to clear strong 0.7500 resistance zone that keeps downside at risk.
Near-term price action is still holding above daily Tenkan-sen line at 0.7437 that offered solid support and maintained dips on past few days, signaling prolonged sideways trading.
The pair would likely remain within initial boundaries at 0.7400/0.7500 in the near-term, as mixed setup of daily studies shows no clear direction.
Clear break of either side is needed to signal fresh direction.
Sustained break above 0.7500 would open upper triggers at 0.7530/42 (200 SMA / converging daily Tenkan-sen & Kijun-sen lines), for possible stronger upside action.
Conversely, firm break below 0.7400 zone would expose immediate support at 0.7368 (01 Dec trough) and increase risk of return to key 0.7308 support.

Res: 0.7473; 0.7506; 0.7530; 0.7542
Sup: 0.7437; 0.7414; 0.7400; 0.7368
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