EUR/USD slips lower after testing res at $1.3164 and part of further res alongside Jul 16 high at $1.3174. Initial res at $1.3141. However, yesterday tested former 50% of $1.3417/1.2755 at $1.3086 and now initial supp alongside the 200-DMA at $1.3079, a break below could reverse sentiment lower. Studies are mixed, daily studies bullish but near overbought while monthly studies slide.
R 4: $1.3228/43 50.0% of $1.3711-1.2746, Reversal high May 1
R 3: $1.3200/07 High Apr 17, High Jul 10
R 2: $1.3164/74 61.8% of $1.3417-1.2755, High Jul 16
R 1: $1.3141 Resistance line from Jun 19
Latest price: $1.3095
S 1: $1.3079/83/86 200-DMA, Low Jul 17
S 2: $1.3060 55-DMA
S 3: $1.3030/32/34 21-DMA, 100-DMA & Jul 3 high
S 4: $1.2985-3008 Lows Jun 26, Jul 15, High May 22
GBP/USD leaves a spinning-top candle yesterday after testing both resistance and support, the topside was capped by the 100-DMA and a former May 29 support line, still key initial res around $1.5265-68. Daily studies remain bullish so we may see a retest of this level, however, monthly studies slide and initial supp at $1.5153-72. A break below here tests yesterday’s low at $1.5079 before hitting the 23.6% at $1.5035.
R 4: $1.5363/94 Jun 21 low
R 3: $1.5306 55-DMA
R 2: $1.5281/83 High May 20
R 1: $1.5265/66/68 100-DMA, Former support line from May 29 low, High Jul 17
Latest price: $1.5175
S 1: $1.5153/69/72 5-DMA, High Jul 16
S 2: $1.5028/35/79 Low Jul 15, Low Jul 17
S 3: $1.4999/5009/18 Lows Jul 11, May 29, High Jul 10
S 4: $1.4966/80 High Jul 8, Monthly Bollinger band base
USD/JPY moves back above the Y100.00 level after retesting the daily Ichimoku cloud top two sessions ago. The pair also breaks above the daily Tenkan line and bulls now eye the Jul 15 high at Y100.48. Above here is a May 22 resistance line seen at Y100.99, which may see a test by bulls if daily studies complete their reversal higher. However, monthly studies remain overbought with a potential bearish reversal, initial supp is at Y99.33/53.
R 4: Y101.97/102.08 Lows May 20, 21
R 3: Y101.39-64 High Apr 2009, High Jul 8, Dly Bolli top
R 2: Y100.99 Resistance line from May 22
R 1: Y100.48 High Jul 15
Latest price: Y100.04
S 1: Y99.33/53 21-DMA, 55-DMA
S 2: Y99.04/08 Lows Jul 17, 15
S 3: Y98.76 Weekly Tenkan
S 4: Y98.57 38.2% of Y93.79-101.53
EUR/JPY pushes higher and yesterday tested the daily Bolli top as res before ending a little lower. Studies are mostly bullish although monthly/daily studies are overbought or near. Initial res at Y131.41/44. A break above would test Y132.04/08. However, failure to break above these levels could see bears return to retest the former 23.6% of Y119.11-133.80, initial supp at Y130.33.
R 4: Y133.80 Reversal high May 22
R 3: Y132.77/87 High May 14, High May 23
R 2: Y132.04/08 May 31 high
R 1: Y131.41/44 Highs Jun 4 & 5, Daily Bollinger band top
Latest price: Y131.04
S 1: Y130.33 23.6% of Y119.11-133.80
S 2: Y129.69/70/93/97 Daily Tenkan line, High Jun 21, 55-DMA, Low May 23
S 3: Y129.39/42/44 Weekly Tenkan line, 21-DMA
S 4: Y128.93/98 High May 1, Low May 8