EURUSD
The Euro shows indecision after yesterday’s trading ended in long-legged Doji. Strong bearish acceleration from 1.1277 high, spiked to 1.1180 low yesterday, but failed to sustain losses below daily cloud top at 1.1200. The price returned above thickening daily cloud that underpinned recent recovery and still acting as valid support.
Near-term price action is entrenched between daily cloud top / Tenkan-sen line and daily Kijun-sen line at 1.1230, which marks the upper pivot.
Bullishly aligned daily studies support further advance, while the price holds above daily cloud top. Lift above 1.1230 pivot will open strong 1.1280 resistance zone for retest and bullish continuation on break higher.
Conversely, return below daily cloud top will soften near-term structure and signal retest of lower pivots at 1.1180 (yesterday’s low) and 1.1156 (200SMA), which guard strong support and short-term base at 1.1122 (lows of 31 Aug / 21 Sep).

Res: 1.1230; 1.1258; 1.1280; 1.1325
Sup: 1.1200; 1.1180; 1.1156; 1.1122

GBPUSD

Cable eased quickly from session high at 1.3055 and dipped below 1.3000 handle, as near-term bulls were discouraged by renewed Brexit fears.
Near-term price action has formed diamond bottom pattern which could signal reversal, if completed. Diamond’s upper boundary (bear trendline from 1.3118 high) capped today’s attempts higher, with sustained break here needed to generate strong reversal signal, which requires confirmation on sustained break above daily cloud base at 1.3092.
Conversely, clear break below diamond’s lower boundary, will signal bearish continuation, as overall picture remains firmly bearish and huge daily Ichimoku cloud (spanned between 1.3092 and 1.3905) maintains strong bearish pressure. Extension below near-term base at 1.2913 is needed to confirm bears for return to post-Brexit lows.
Res: 1.3030; 1.3055; 1.3092; 1.3115
Sup: 1.2977; 1.2947; 1.2913; 1.2864

USDJPY

Today’s strong bullish acceleration above near-term congestion top posted fresh high at 101.73 (Fibo 61.8% of 102.77/100.05 downleg), signaling further recovery extension off 100.00 base.
Extended recovery approaches strong resistances at 102.20 (daily cloud base) and 102.32 (bear-trendline from 111.43, 30 May high), where bulls are expected to find strong resistance, as fourth (corrective) wave of five-wave move from 104.30 is expected to end at this area, according to wave principles. Overall negative stechnicals favors reversal under these barriers. Double-bottom at 100.00 zone, reinforced by bull-trendline, from 98.98, 24 June low, remains as near-term target, ahead of post-Brexit lows at 99.52 and 98.98.
Alternative scenario requires firm break above daily cloud base / trendline resistance, to signal stronger recovery from 100.00 base.
Res: 101.73; 102.20; 102.32; 102.77
Sup: 101.33; 101.00; 100.77; 100.43

AUDUSD
The pair pulls back from today’s fresh three-week recovery top, posted an a brief probe above 0.7700 barrier. Correction on overbought Slow Stochastic is expected to find support above daily cloud top at 0.7626, ahead of fresh push higher. Daily technicals are in strong bullish setup and favor final extension towards targets at 0.7730/58.
Daily Tenkan-sen / Kijun-sen bull-cross, formed at 0.7583, underpin bulls.
Only extension below 0.7600 handle would sideline near-term bulls for deeper correction.

Res: 0.7693; 0.7708; 0.7730; 0.7758
Sup: 0.7643; 0.7626; 0.7600; 0.7585

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