EUR/USD break above $1.3261, move puts focus on long-term resistance line from May 2011, which is today valued at $1.3372. Below here is the yearly trend line at $1.3336. Risk is on a fade on the approach of the long-term trend line given bear-divergence signals on 10-day momentum study and given stochastic study is approaching overbought territory. Support is at the 5-day moving average at $1.3233.
R 4: $1.3411 High June 19
R 3: $1.3372 Resistance line from May 2011
R 2: $1.3336/42 Resistance line from Feb 1
R 1: $1.3306/08 High Jun 6, Reversal high Dec 19
Latest price: $1.3279
S 1: $1.3233 5-day moving average
S 2: $1.3164/74 High Jul 16
S 3: $1.3085/86 200-DMA & Low Jul 17
S 4: $1.3067/75 Low July 18, 55-DMA
GBP/USD break above $1.5413, sees risk of upside move to extend to the daily Bollinger band top at $1.5488 and above here not much resistance until $1.5531 and nothing significant until $1.5570/97, where former is the 200-day moving average and latter the value of a resistance line from Jan 2. The daily studies although overbought are still maintaining bullish trends.
R 4: $1.5570/97 200-DMA, Res line from Jan 2
R 3: $1.5531 High Jun 21, 76.4% of $1.5752-1.4814
R 2: $1.5488 Daily Bollinger band top
R 1: $1.5435 High July 25
Latest price: $1.5389
S 1: $1.5366 5-day moving average
S 2: $1.5284/92 100-DMA, 55-DMA
S 3: $1.5222 High Jul 11
S 4: $1.5169/72/78 High Jul 16, 21-DMA
USD/JPY has suffered a minor break below the Ichimoku cloud top at Y98.76, but watching support at Y98.45/57, where former is the 100-day moving average . The daily studies whilst turning lower remain largely in neutral territory. initial resistance is at the 5-day moving average at Y99.49.
RES 4: Y101.39-53 High Apr 2009, Daily Boll top, High Jul 8
RES 3: Y100.59/87 Resistance line from May 22, High Jul 19
RES 2: Y99.75 Tenkan line of Ichimoku cloud
RES 1: Y99.49 5-day moving average
Latest price: Y98.82
SUP 1: Y98.45/57 100-day moving average
SUP 2: Y98.11/16/27 100-month MA, Weekly Tenkan, Low Jul 11
SUP 3: Y97.60/66/79 Daily Ichimoku cloud base, Aug 2009 high
SUP 4: Y96.75 61.8% of of Y93.79-Y101.53
EUR/JPY has broken below the Tenkan line of the Ichimoku cloud and given the daily stochastic study has crossed bearishly, risks remain on correction lower. Support now seen at Y130.49/77, where former is the 21-day moving average and latter the low on Tuesday. Risk seen to mid-June channel base at Y129.95.
R 4: Y133.80/134.08 Reversal high May 22, Rising channel top fm June 13 low
R 3: Y132.77/87 High May 14, High May 23
R 2: Y132.40/44 High May 13, High Jul 22
R 1: Y132.02/04/08 High Jul 23, May 31 high
Latest price: Y131.22
S 1: Y130.49/77 21-day moving average, Low July 23
S 2: Y129.66/95 Kijun line of Ichimoku cloud, Channel base from June 13
S 3: Y129.37 Daily Ichimoku cloud top
S 4: Y128.93/98 High May 1, Low May 8