EUR/USD: Pressuring Bollinger Band, Fibonacci Level. The euro is back testing the top of the Bollinger band as bulls also face Fibonacci resistance at $1.2445 and $1.2478. The 5 & 21-DMAs turn support at $1.2245/95.
RES 4: $1.2510/39 2% MAE, 76.4% of July pullback
RES 3: $1.2478 61.8% of $1.2748/1.2042
RES 2: $1.2445 61.8% retracement of July pullback
RES 1: $1.2410/22 Bollinger band, 55-DMA
LATEST PRICE: $1.2391
SUP 1: $1.2245/95 5, 21-day moving average
SUP 2: $1.2134 Low 2 Aug
SUP 3: $1.2080 Bollinger band
SUP 4: $1.2042 Low 24 July
GBP/USD: Bulls Face 200-DMA, 50% Level to $1.5786. GBP sees the 55, 21 & 5-DMAs turn support at $1.5586/96 as bulls face moving average and Fibonacci resistance from $1.5735 (200-DMA) to $1.5786 (a 50% retracement of the decline from 30 April to
June 1.
RES 4: $1.5908 61.8% retracement of May/Jun decline
RES 3: $1.5807/10 April lows
RES 2: $1.5768/86 High 27 July, Bollinger, 100-DMA, 50% of May/Jun decl
RES 1: $1.5735 200-day moving average
LATEST PRICE: $1.5615
SUP 1: $1.5586/96 55, 21, 5-day moving average
SUP 2: $1.5490 Low 2 Aug
SUP 3: $1.5420/59 Bollinger band, Low 25 July
SUP 4: $1.5393 Low 12 July
USD/JPY: Remains Below Ichimoku Cloud. The pair holds under the base of the Ichimoku cloud of Y79.42 with initial MA and Ichinoku resistance at Y78.70 and Y79.01/17. This is keeping bear’s attention on June lows of Y77.66, despite the daily studies turning higher, seeking a base. Initial support is at Y78.35 from the 5-DMA and Tenkan line
RES 4: Y79.72/87 Top of Ichimoku cloud, 2% MAE
RES 3: Y79.42/54 Base Ichimoku cloud, Bollinger band
RES 2: Y79.01/17 Kijun line, 55, 200-DMA
RES 1: Y78.70 21-day moving average
LATEST PRICE: Y78.46
SUP 1: Y77.66/70 Low 1 June, Bollinger band
SUP 2: Y76.70 2% moving average envelope
SUP 3: Y76.32/37 Daily lows Aug 2011
SUP 4: Y76.03/16 Low 1 Feb 2012, 19 Aug, 23 Sep 2011
EUR/JPY: Daily Studies Seek Base. EUR/JPY also sees the daily studies attempt a recovery, although 10-day momentum wanes. Bulls face Fibonacci resistance at Y97.88 and Y98.76 as the 5 & 21-day moving averages turn support at Y96.35/38.
RES 4: Y99.29 Base of the Ichimoku cloud
RES 3: Y98.76 61.8% of “July” pullback
RES 2: Y98.21/32 Bollinger band, 55-day moving average
RES 1: Y97.76/88 Kijun line, 50% retracement of “July” pullback, 2% MAE
LATEST PRICE: Y97.21
SUP 1: Y96.35/38 5, 21-day moving average
SUP 2: Y95.75 Tenkan line
SUP 3: Y94.93 Low 2 Aug
SUP 4: Y94.12/36 Low 25 July, Bollinger band
EasyForexNews Research Team