EURUSD
The Euro is showing initial signals of recovery stall, as Wednesday’s rally was capped by falling 10SMA at 1.0945 (under Fibo 23.6% of 1.1277/1.0849 fall) and subsequent easing left daily candle with long upper shadow that generated negative signal and weighs on near-term outlook.
Today’s price action found support at 1.0890, contained by 5SMA and holding above 1.0900 mark for now.
Strong offers are seen at 1.0930/45 (10SMA / yesterday’s high, reinforced by daily Tenkan-sen line), with falling 4-hr Ichimoku cloud maintaining downside pressure (base is currently at 1.0966).
Only firm break above these barriers would improve and signal extended correction towards next good resistances at 1.1000/13 (round-figure barrier / Fibo 38.2% of 1.1277/1.0849).
Otherwise, the downside will remain vulnerable, with slide below 1.0890 handle to revive near-term bears and re-focus 1.0849 and 1.0820 targets.

Res: 1.0930; 1.0945; 1.0966; 1.1013
Sup: 1.0890; 1.0873; 1.0849; 1.0820

GBPUSD

Cable remains bullishly aligned on Thursday, with downside being so far protected by daily Tenkan-sen and spike on better-than-expected UK GDP numbers, hit session high at 1.2269.
Probe above past three days highs at 1.2245 zone is bullish signal, but daily close above is needed to sustain recovery and open psychological 1.2300 barrier, ahead of key near-term point at 1.2330 (19 Oct recovery peak).
Break here would generate stronger bullish signal on confirmation on daily double-bottom at 1.2087/81) for stronger retracement of 1.3055/1.1997 fall.
However, overall technical outlook is still bearish and keeps strong downside risk in play.
Loss of initial support at 1.2200 (Tenkan-sen line) would weaken near-term tone and sideline hopes of attack at 1.2300/30 pivots.
Res: 1.2269; 1.2300; 1.2330; 1.2400
Sup: 1.2200; 1.2155; 1.2135; 1.2081

USDJPY
Fresh strength that emerged from 104.00 support retested bull-channel upper border at 104.75 and came ticks ahead of Tuesday’s peak at 104.86. Rising 10 SMA continues to underpin the action that looks for final push towards psychological 105.00 barrier and possible extension towards 105.60 (Fibo 76.4% of 107.47/99.52 downleg).
The pair is on track for another strong bullish day which will close above bull-channel’s upper boundary, as strong bullish signal was generated on Wednesday’s close above important 104.43 barrier (Fibo 61.8% of 107.47/99.52 descend).
Setup of daily studies remains bullish and supports scenario, with daily Tenkan-sen / 10SMA, expected to keep downside limited.
Res: 104.86; 105.00; 105.60; 106.00
Sup: 104.50; 104.28; 104.00; 103.70

AUDUSD
The pair remains at the back foot on Thursday and extended pullback of Wednesday’s spike high at 0.7708, to retrace so far over 79.4% of rally from 0.7585 higher base.
Wednesday’s daily candle with very long upper shadow weighs on near-term structure, as today’s strong bearish extension shows the pair on track for daily close in red.
Fresh weakness cracked important support at 0.7618 (daily Kijun-sen line), with close below here to open way for retest of strong 0.7585 base, which lies near another strong support (Fibo 61.8% of 0.7504/0.7732 ascend at 0.7591).
Daily 10SMA offers initial support at 0.7636, while daily Tenkan-sen line, which lies at 0.7655 (just above today’s high at 0.7650), marks the upper breakpoint.

Res: 0.7636; 0.7655; 0.7676; 0.7708
Sup: 0.7606; 0.7585; 0.7558; 0.7528

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