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USD/JPY remains in uptrend. Correction occurs, approaching the support area at 120.93. Rebound is still possible, especially if bullish signal is confirmed at the support area.
USD/JPY
USD/JPY remains in uptrend. Correction occurs, approaching the support area at 120.93. Rebound is still possible, especially if bullish signal is confirmed at the support area, with target at 121.47 – 122.09.
Be careful if the support at 120.93 breaks, because it will turn intraday bias into bearish and potentially will push price down to 120.32.
USD/CHF
USD/CHF remains bullish. Swiss Franc may continue weaken if the resistance at 0.94042 breaks, with target at 0.94772. As alternative scenario, you can try to look for buy signal confirmation if correction occurs to the support area at 0.93017 – 0.93409. Rebound potential is up to 0.94042.
On the contrary, be careful if the support at 0.93017 breaks because it will turn the intraday bias to bearish and potentially will push price down to 0.92384.
EUR/USD
EUR/USD currently remains under pressure. Watch the resistance area at 1.11602-1.12212 in order to look for sell signal confirmation with potential target at 1.11225-1.10615.
Be careful if the resistance at 1.12212 breaks because it will turn the intraday bias to bullish and potentially will raise euro up to 1.12589-1.13199.
AUD/USD
AUD/USD currently remains under pressure. Watch the resistance area at 0.79171-0.79524 in order to look for sell signal confirmation with potential target at 0.78953-0.78600.
Be careful if the resistance at 0.79524 breaks because it will turn the intraday bias to bullish and potentially will raise aussie up to 0.79742-0.80095.
GBP/USD
GBP/USD currently remains under pressure. Watch the resistance area at 1.55307-1.55834 in order to look for sell signal confirmation with potential target at 1.54982-1.54455.
Be careful if the resistance at 1.55834 breaks because it will turn the intraday bias to bullish and potentially will raise sterling up to 1.56159-1.56686.
