EURUSD
The Euro probes above 1.1000 barrier on extension of recovery from fresh low at 1.0962, posted on Monday. The move is seen as correction ahead of final attack at key 1.0950 support (25 July low), with firm bearish setup of daily studies (multiple Death-Crosses formed by daily 10;20;30 SMA’s break below 200SMA) supporting scenario.
Initial resistance at 1.1036 (Fibo 23.6% of 1.1277/1.0962 downleg) is intact for now and guards 1.1048 / 60 barriers (broken Fibo 76.4% of 1.0950 / 1.1365 rally and triple upside rejection) below which corrective upticks should be ideally capped.

Res: 1.1036; 1.1060; 1.1082; 1.1122
Sup: 1.0993; 1.0962; 1.0950; 1.0937

GBPUSD

Cable is holding near tops of recent congestion at 1.2270, which was retested on spike higher after upbeat UK data. Bullish hourly studies support further upside action, with sustained break above 1.2270 pivot, needed to signal fresh recovery.
On the other side firmly bearish daily studies see limited upside attempts above 1.2270 barrier. Daily 10SMA is in steep descend and currently at 1.2333, followed by falling daily Tenkan-sen line at 1.2377. Extended upticks should be capped at this zone, to keep intact the upper pivot at 1.2401 (Fibo 38.2% of 1.3055/1.1997 descend.
Res: 1.2273; 1.2333; 1.2377; 1.2401
Sup: 1.2218; 1.2175; 1.2134; 1.2102

USDJPY
The pair continues to trade within near-term congestion, spanned between 103.26 and 104.62, following repeated failures to sustain break above 104.00 handle. Bullish daily studies and daily Ichimoku cloud underpin bulls, however, several attempts to close above 140.43 pivot (Fibo 61.8% of 107.47/99.52), were so far without results. This signals that the pair may spent more time in consolidation above daily cloud, before resuming higher. Firm break above recent high at 104.62 is expected to open targets at 105.00 and 105.60.
However, alternative scenario of recovery stall is still in play, with negative signals requiring sustained break below daily cloud top at 103.50.

Res: 104.11; 104.35; 104.47; 104.62
Sup: 103.66; 103.50; 103.31; 102.87

AUDUSD
Australian dollar was the top performer in Asia on Tuesday and rallied through barriers at 0.7630/60 (Fibo 61.8% and 76.4% of 0.7708/0.7504 downleg), to approach key near-term barrier at 0.7708 (29 Sep high). Recovery rally from 0.7528 (low of 12 Oct) extends for the fifth consecutive day, with long-tailed Monday’s daily candle, generating bullish signal. Fresh acceleration higher also broke above bear-trendline (connecting highs at 0.7708 and 0.7688) at 0.7620, opening way towards 0.7708 barrier and recent upside rejection levels at 0.7730/58, which could be retested in extension above 0.7708.
Daily studies are in full bullish setup and support final push for full retracement of 0.7708/0.7504 downleg, however, hesitation on approach to 0.7708 could be anticipated on overbought Slow Stochastic studies.
Former high of 14 Oct at 0.7645 marks initial support, ahead of more significant session low / broken bear-trendline at 0.7620.

Res: 0.7708; 0.7730; 0.7758; 0.7800
Sup: 0.7663; 0.7645; 0.7620; 0.7600

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