USD/JPY has pulled back into the Fibonacci area at 124.24-124.54. Today's preference remains bearish, with target at 124.05-123.74; however, it is better to wait for a break below 124.24 before taking short position.

GBP/USD

GBPUSD in a sideways condition although stochastic oscillator and CCI provides an opportunity for GBPUSD to pullback. Note if the Resistance level at 1.5374 is successfully broken, because it has the potential to push GBPUSD higher at 1.5403 - 1.5436. As an alternative, watch the Support level at 1.5297 to seek BUY signal confirmation with potential GBPUSD pullback to 1.5345 - 1.5374.

But be careful if price break out of the support level at 1.5297 because it has potential to press GBPUSD further to 1.5220 - 1.5250.

GBPUSD 


EUR/USD

Intraday bias on EURUSD shows bearish trend and is currently detained at level 1.1285 which has became the resistance level for today. If that resistance is successfully broken, it has the potential to push EURUSD higher to 1.1363 - 1.1387.

As an alternative, watch support level at 1.1157 - 1.1205 to seek buy signal confirmation with potential EURUSD pullback to 1.1236 - 1.1285. But be careful when support level at 1.1157 is successfully broken as it potentially hits EURUSD lower to 1.1078.

EURUSD 


AUD/USD

AUDUSD is still in bullish bias, as seen from stochastic oscillator and CCI that are in the oversold area although it is currently experiencing a correction and testing support level at 0.7681 or 61.8% from Fibo. Watch that Support to seek buy signal confirmation with potential AUDUSD pullback to 0.7733 - 0.7765.

As an alternative, watch resistance level at 0.7765l, as if it successfully breaks then it has potential to push AUDUSD higher to 0.7818. But beware if the support level at 0.7681 successfully breaks, as it potentially hits AUDUSD lower to 0.7597.

AUDUSD 

 

USD/JPY

USD/JPY has pulled back into the Fibonacci area at 124.24 – 124.54. Today’s preference remains bearish, with target at 124.05 – 123.74; however, it is better to wait for a break below 124.24 before taking short position. 

Hourly stochastic and CCI are showing bullish indication. Be careful if the resistance at 124.54 breaks because it will turn intraday bias into bullish and potentially will push USD/JPY to 124.73 – 125.04.
 USDJPY



USD/CHF

USD/CHF remains in downtrend. The price currently is testing the resistance area at 0.9370. Today’s preference is still to look for short position.  The scenario is to wait for bearish signal confirmation at the resistance 0.9370 – 0.9413, with target at 0.9344 – 0.9301.

Be careful if the resistance at 0.9413 breaks, because it will turn intraday bias into bullish and possibly will push USD/CHF up to 0.9440 – 0.9482.

USDCHF