EURUSD
The Euro remains within near-term congestion after Wednesday’s failure to clearly break above the triangle that was formed on a daily chart. Upside rejection at 1.1272 spike high was followed by daily close below triangle’s upper line, which generated negative signal, despite bullish close. Early Thursday’s trading holds within 40-pips range, with mixed daily studies and neutral near-term technicals, signaling further directionless trading.
Daily Tenkan-sen line crossed below Kijun-sen, giving negative signal, however, clear break out of 1.1197/1.1284 congestion is needed to give clearer signals about near-term direction.
Break below higher base at 1.1200 zone is needed to trigger bearish acceleration towards daily cloud top at 1.1167 and key 1.1139/22 supports, in extension.
Initial barrier lies at 1.1252 (session high), followed by range tops at 1.1272/84, which mark the upper pivots.

Res: 1.1252; 1.1272; 1.1284; 1.1325
Sup: 1.1218; 1.1197; 1.1167; 1.1139

GBPUSD

Recovery attempts from key 1.3165 support stalled at 1.3276, keeping intact the upper pivot at 1.3289 (daily Tenkan-sen line). Near-term price action remains between daily Kijun-sen and Tenkan-sen lines for the second day, after repeated downside attempts were contained at 1.3165 (daily cloud top / Kijun-sen line), but the pair lacks momentum for stronger recovery.
Mixed setup of daily studies suggests further consolidation, with renewed attacks at 1.3165 breakpoint expected, as overall structure is negative. Sustained break below 1.3165 support, which also marks the neckline of asymmetric H&S patter, forming on a daily chart, will open way for fresh easing towards 1.3057 (30 Aug trough) and psychological 1.3000 support, in extension.
Alternative scenario requires sustained break above daily Tenkan-sen barrier to ease downside risk and expose next barriers at 1.3339/44.
Res: 1.3243; 1.3276; 1.3300; 1.3344
Sup: 1.3198; 1.3165; 1.3126; 1.3085

USDJPY

The pair remains at the back foot, as Wednesday’s rally was short-lived and false break above Tenkan-sen barrier at 102.74, left red daily candle with long upper shadow. Bearish signal triggered fresh weakness on Thursday that tested pivotal support at 101.92 (daily Kijun-sen line), which so far resisted attacks.
Near-term outlook is bearishly aligned as upside attempts were rejected under descending daily cloud that continues to weight.
Firm break below daily Kijun-sen support is needed to further weaken the structure and open 101.40 (13 Sep low) which guards key near-term support at 101.18 (07 Sep low).
Daily Tenkan-sen is turning south (currently at 102.65) and along with daily cloud base (currently at 102.74) marks strong resistances.
Only sustained break here would ease downside risk and allow for fresh attempts above 103.00 barrier.
Res: 102.65; 102.74; 103.11; 103.34
Sup: 102.23; 101.92; 101.40; 101.18

AUDUSD
The pair consolidates above daily cloud base which was cracked today, but continues to provide support. Long bearish candle on Tuesday generated strong bearish signal and Wednesday’s bullish candle with long upper shadow, signaling limited recovery action.
Further hesitation above daily cloud base could be anticipated, with former low at 0.7488 still acting as valid resistance and guarding breakpoint at 0.7565 (daily cloud top / 12/13 Sep highs).
Extended upticks are expected to ideally hold below 0.7538 (hourly trough), before fresh attempts lower.
Firm break below daily cloud is expected to open next strong support at 0.7396 (200SMA).

Res: 0.7493; 0.7538; 0.7565; 0.7585
Sup: 0.7440; 0.7416; 0.7396; 0.7369
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