EUR/USD – Focus remains on the upside after break above $1.3261, with attention on yearly resistance line, which is today valued at $1.3330. The daily stochastic study is on the verge of crossing bullishly and 14-day RSI is still pointing higher. Support is at $1.3239 and strong moving average’s noted at $1.3087 level.
R 4: $1.3409/11 200-week moving average, High June 19
R 3: $1.3342/69 Resistance line from May 2011
R 2: $1.3330 Resistance line from Feb 1
R 1: $1.3297 High July 26
Latest price: $1.3255
S 1: $1.3239 Low July 29
S 2: $1.3166/69 Low July 25
S 3: $1.3087/90 55-DMA, 200-DMA & Low Jul 17
S 4: $1.3062 Low July 15
GBP/USD – the daily stochastic study has confirmed a bearish cross and top-failure swing warning on 10-day momentum. That said, strong moving average support is developing, notably the 55-DMA and 200-DMA, which are valued at $1.5292/95, respectively. Initial resistance is at the 5-day moving average at $1.5353, but needs to break above 32-day resistance line at $1.5400 to turn sentiment around.
R 4: $1.5516 Daily Bollinger band top
R 3: $1.5435 High July 25
R 2: $1.5400 Resistance line from June 17
R 1: $1.5353 5-day moving average
Latest price: $1.5330
S 1: $1.5292/95 100-DMA, 55-DMA
S 2: $1.5222 High Jul 11
S 3: $1.5169/72/89 High Jul 16, 21-DMA
S 4: $1.5124 50.0% of $1.4814 to $1.5435
USD/JPY is drifting in the Ichimoku cloud where the cloud base comes in at Y97.50 and cloud top at Y98.76. Initial resistance is the 100-day moving average at Y98.48. The daily studies are neutral and momentum lacking at present.
R 4: Y100.46/87 Resistance line from May 22, High Jul 19
R 3: Y99.24/26 Tenkan, Kijun line of Ichimoku cloud
R 2: Y98.76/82 Ichimoku cloud top, 5-day moving average
R 1: Y98.48 100-day moving average
Latest price: Y98.32
S 1: Y97.50/66 Daily Ichimoku cloud base
S 2: Y96.75 61.8% of Y93.79-Y101.53
S 3: Y96.21 Low June 20
S 4: Y95.62 76.4% of Y93.79-Y101.53