EUR/USD: The pair bursts above the $1.3000 level for the first time since May 14 and closed above the 200-DMA, now support at $1.3032. Daily and weekly studies still appear bullish and bulls look to hold above this level to try and flip sentiment to the upside, initial res at $1.3061/73/80, the May 30 high, 61.8% of $1.3243-1.2797 and Feb 1 res line. But bears aim back below $1.3000, a close below here would recommence the range-trading and testing of supp.
R 4: $1.3194 High May 8
R 3: $1.3138/46 Daily Bollinger band top
R 2: $1.3115/16/17 100-DMA, Apr 29, 22 highs
R 1: $1.3061/73/80 High May 30
Latest price: $1.3030
S 1: $1.2998 High May 22
S 2: $1.2963-79 5-DMA55-DMA
S 3: $1.2934/36/37 High May 21, Low May 10
S 4: $1.2901/02 Former Jul 2012 Support line
GBP/USD: The cross did recoup some losses to creep back above the former 50.0% level, the pair now trades below the 21 and 55-DMAs, initial resistance at $1.5264/73. Daily studies are bullish and confirm buy-signals, bulls may try and test further resistance around $1.5310/14, the former 38.2% and May 10 low, but failure here or at initial res may allow bears to retest support while weekly and monthly studies decline. Initial support now at $1.5199, the Mar 5 high.
R 4: $1.5404/10/12/24 Highs Apr 12, 11
R 3: $1.5367/68 100-DMA, High Apr 19
R 2: $1.5310/14 May 10 low
R 1: $1.5264/73 21-DMA, 55-DMA
Latest price: $1.5215
S 1: $1.5199 High Mar 5
S 2: $1.5145/56 5-DMA, High May 27
S 3: $1.5113/28 Low May 21
S 4: $1.5014/15 Low May 23
USD/JPY: The pair held above the 23.6% level after slipping below to test the daily Kijun line, still initial support at Y100.38. Daily studies still declining massively but the pair failed to follow lower, further failure to the downside should turn sentiment around and test resistance while monthly studies continue to rise. Initial res at Y101.33/45, the 21-DMA and Apr 2009 reversal high, above here is the Tenkan line and May 13 high at Y102.10/15, respectively.
R 4: Y103.15/31 High May 17
R 3: Y102.76/89 Highs May 15, 21
R 2: Y102.10/15 Daily Tenkan line, High May 13
RES 1: Y101.33/45 21-DMA
Latest price: Y100.75
S 1: Y100.38 Daily Kijun line
S 2: Y99.34/47 Support line from Jan 23
S 3: Y98.74/83 Daily Bollinger band base
S 4: Y98.45/49/57/58 High May 6, Low Apr 23, 55-DMA, Low May 8
EUR/JPY: The cross rebounds a little, bouncing off the daily Kijun line once again and returning to test the daily Tenkan line as resistance. A break above the Tenkan at Y131.89 could allow bulls to take control and move to test Y133.80, the May 22 reversal high, especially as dly studies begin to look a little firmer. However, ahead of here, initial res also at Y132.04/08, the 50% level and hourly high. Further res at Y132.77/87, highs of May 14 and 23
R 4: Y133.79/80/134.07 High May 22, Weekly Bollinger band top
R 3: Y133.15 Daily Bollinger band top
R 2: Y132.77/87 High May 14, High May 23
R 1: Y131.89/132.04/08 Daily Tenkan line, 50.0% of Y169.96-Y94.12, Hourly high
Latest price: Y131.45
S 1: Y130.33/42/43 23.6% of Y119.11-133.80, May 8 high, Daily Kijun line
S 2: Y129.91/97 Highs Apr 25 & May 2, Low May 23
S 3: Y129.57 Daily Bollinger band base
S 4: Y128.98 Low May 8