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Consolidation occurs on USD/JPY. Watch the support area a 121.49. Try to look for buy signal confirmation with rebound target at 121.76-122.07.
EUR/USD
EUR/USD currently is under pressure. Euro might weaken further if the support at 1.09701 breaks, with target at 1.08531-1.07222.
As alternative scenario, watch also the resistance area at 1.10607-1.11168. if pull-back occurs to within that area, you can look for sell signal confirmation with target at 1.10261-1.09701.
Be careful if the resistance at 1.11168 breaks, because it will turn intraday bias into bullish and potentially will raise euro up to 1.11514-1.12074.
AUD/USD
AUD/USD currently is under pressure. Aussie might weaken further if the support at 0.78021 breaks, with target at 0.77718-0.77380.
As alternative scenario, watch also the resistance area at 0.78662. If pull-back occurs to that area, you can look for sell signal confirmation with target at 0.78324-0.78021.
Be careful if the resistance at 0.78662 breaks, because it will turn intraday bias into bullish and potentially will raise euro up to 0.79001-0.79304.
GBP/USD
GBP/USD currently is under pressure. Sterling might weaken further if the support at 1.54590 breaks, with target at 1.54024-1.53390.
As alternative scenario, watch also the resistance area at 1.55790. If pull-back occurs to that area, you can look for sell signal confirmation with target at 1.55156-1.54590.
Be careful if the resistance at 1.55790 breaks, because it will turn intraday bias into bullish and potentially will raise euro up to 1.56424-1.56990.
USD/CHF
USD/CHF is in consolidation phase. Price is moving near the support area, stochastic and CCI is oversold. Correction may occur to the support area at 0.93900. As bullish scenario, watch the support area to look for buy signal confirmation with rebound potential up to 0.94548 – 0.95009.
Be careful if the support at 0.93900 breaks, because it will turn intraday bias into bearish and potentially will push price down to 0.93500.
USD/JPY
Consolidation occurs on USD/JPY. Watch the support area a 121.49. Try to look for buy signal confirmation with rebound target at 121.76 – 122.07.
Be careful if the support at 121.49 breaks, because it will turn intraday bias into bearish and potentially will push price down to 121.19.
