Technical Comments

There is a potential breakout scenario developing on the H1 chart of GBPUSD. We are looking for a move above the 1.5936 resistance, which should see it continue on to 1.5965 with initial support at 1.5872. (MT)

After breaking down below key VST support at 1.5690, the next target for GBPUSD is 1.5640. First resistance is now 1.5700, and if this level holds firm in the near term, it may well fall to the 1.5600 support (ARF).

After successfully breaking above key VST resistance at 1.0600, the next target for AUDUSD is 1.0645. First support is 1.0570, and if this level holds in the near term, it may well rally to the 1.0700 resistance.(ARF)

GBPUSD nearly hit the 38.2% Fibonacci retracement of the 1.5882 to 1.5696 down swing. The pair is now back under pressure and is testing yesterday’s low (1.5696). If this support is not able to withstand the selling pressure, then the key intraday support at 1.5644 will be the next down target. Intraday resistances are at [...]

There is a potential breakdown scenario developing on the H1 chart of EURUSD. We are looking for a move below the 1.3170 support, which should see it continue on to 1.3125 (ARF).

EURUSD wait rebound and if break support again at 1.3353 then take sell at 1.3350 until target 1.3250 and stop loss at 1.3410, bearish target probability until 1.3262. (HP)

GBPUSD on the H4 chart has a breakup point at 1.5900. If this level is taken out in the near term, the chances are it will rally to 1.5952. Further resistance is seen at 1.6047 and 1.6200. Initial support is now 1.5850 (ARF).

  The recent rebound in EURUSD should see it test price resistance at 1.3435. If it manages to breakout here, we view 1.3485 then 1.3509 as immediate resistance of note, with first support now at 1.3390 (ARF).

Having held below the 1.3356 support, EURUSD looks as if it will rebound and test resistance at 1.3420. A successful break at 1.3420 places 1.3454 as the immediate target, and a failure to pass will likely see it fall back to initial support at 1.3386. (MT)

Given USDJPY has so far held above key support at 80.90,  a rebound will face resistance at 81.72 and 82.18. We view 82.18 as the key breakout point and resistance, best viewed on the H1 chart, with a successful move above this level likely to see it rally to 82.92 (ARF).