EUR/USD posted an outside-day while it struggles to find direction just below the Feb 2013 res line at $1.3327. However, bulls have failed to test this level and we may see another swing lower while daily studies also slide is at $1.3173. Ahead of here, initial suppt is at $1.3228-39. A break below threatens the $1.3200 level and then further sup at $1.3164/74.
R 4: $1.3409/16/17 200-month MA, Highs Jun 18, 19
R 3: $1.3390/98 High Jun 13, Daily Bollinger band top
R 2: $1.3327/42 Resistance line from Feb 2013
R 1: $1.3302/06/08 Highs Jul 30, Jun 6, Reversal high Dec 19
Latest price: $1.3256
S 1: $1.3228/35/39 Low Jul 30, High Jul 23
S 2: $1.3164/74 High Jul 16
S 3: $1.3094-3115 55-DMA, Hgh Jul 12 & 21-DMA, Hgh Jun 28
S 4: $1.3032/34/50 Jul 3 high, 100-DMA
GBP/USD turning around after the failed break above $1.5400 level and continues to follow daily and monthly studies lower. Bears may be looking to retest the longer-term level at $1.4855 and at $1.4814. Ahead of here, initial suppt is at $1.5188/98. Further suppt at $1.5169/72/74. Initial res is just below the $1.5300 level.
R 4: $1.5424/35 High Jul 25
R 3: $1.5384/92/94 Highs Jul 22, 23
R 2: $1.5363/68 Jun 21 low, High Apr 19
R 1: $1.5283/93/94 55-DMA , 100-DMA
Latest price: $1.5220
S 1: $1.5188/98 21-DMA
S 2: $1.5169/72/74 High Jul 16, 5-week MA
S 3: $1.5124/32 High Jul 15
S 4: $1.5028/35/51 Low Jul 15
USD/JPY holds within the daily Ichimoku cloud while bulls tested the initial resistance at Y98.50 and just below the cloud top at Y98.76. A break above here would encourage bulls but daily studies are bearish and monthly studies look likely to reverse lower. Initial suppt is at Y97.55/66/79. A break below here targets Y96.75/87.
R 4: Y99.60/70 21-DMA
R 3: Y99.26/28/38 Daily Tenkan line, 55-DMA, Daily Kijun line
R 2: Y99.04/08 Lows Jul 17, 15
R 1: Y98.50-76 100-DMA, Daily Ichimoku top
Latest price: Y98.00
S 1: Y97.55/66/79 Dly Ichimoku cloud base, Aug 2009 high
S 2: Y96.75/87 61.8% of Y93.79-101.53, Jun 21 low
S 3: Y95.62/77 76.4% of Y93.79-101.53, High Jun 18
S 4: Y94.99/95.22 Jun 7 reversal low, Jun 17 high
EUR/JPY continues to hold above the daily Kijun line after breaking below the rising channel from Jun 13 low, should target a measured move to around Y126.00 if bears manage to keep control while daily studies slide further. Initial suppt seen at Y129.66/70, the daily Kijun and Jun 21 high. A break below here quickly runs into the daily Ichimoku cloud top at Y129.37 and further suppt is around Y128393/98, the May 1 high and May 8 low.
R 4: Y132.38 Daily Bollinger band top
R 3: Y131.62 100-Month MA
R 2: Y131.12/17 High Apr 11 & Jul 2, Daily Tenkan line
R 1: Y130.33/46 21-DMA
Latest price: Y129.86
S 1: Y129.66/70 Daily Kijun line, High Jun 21
S 2: Y129.37 Daily Ichimoku cloud top
S 3: Y128.93/98 High May 1, Low May 8
S 4: Y128.40/45/46 200-month MA, High Jun 26, Daily Ichimoku cloud base