EUR/USD left an inside-day the session after hitting a high of $1.3400. Bears may now be taking control and look to retest the former Feb 2013 res line, now at $1.3303 and part of initial suppt. A close below here could send the pair back down to retest suppt around $1.2800 but ahead of here, further suppt could come from the 23.6% of $1.2755 to $1.3400, now at $1.3248. However, some studies are bullish and bulls could retest the $1.3400 level.
R 4: $1.3474/83 55-month MA
R 3: $1.3444 100-month MA
R 2: $1.3400/05/16/17 High Aug 8, Daily Bollinger band top, Highs Jun 18, 19
R 1: $1.3342/45 Highs Jul 31 & Aug 7
Latest price: $1.3321
S 1: $1.3300/02/03/08 Highs Aug 5, Jul 30, Res line from Feb 2013, High Dec 19
S 2: $1.3266/73 Low Aug 7, 5-week MA
S 3: $1.3228/39/48 21-DMA
S 4: $1.3200/07 High Apr 17, High Jul 11
GBP/USD fails to test the high at $1.5574 and slips lower towards the 5-DMA, now initial suppt at $1.5474, just below the Jun 24 high at $1.5477. A break below here could threaten the new 23.6% of $1.4814-1.5574, part of a key suppt level around $1.5395, joined by the 21-week MA, a 61.8% level and numerous highs and lows. However, monthly studies look likely to reverse higher and failure to break below suppt could see bulls retest the Aug 8 high at $1.5574.
R 4: $1.5738/52 Highs Jun 13, 17 & 55-month MA
R 3: $1.5640/84/86 55-week MA, High Jun 6, 100-week MA
R 2: $1.5606/16 Low Jun 14
R 1: $1.5532/42/62/74 200-DMA, Res line Jan 2013, Dly Bolli top, High Aug 8
Latest price: $1.5488
S 1: $1.5474/77 5-DMA, High Jun 25
S 2: $1.5424/35 High Jul 25
S 3: $1.5378-95 Highs Aug 5, Jul 22, 23 & Aug 6, 21-wk MA
S 4: $1.5315/27 100-DMA, 55-DMA
USD/JPY found a base just above the 76.4% of Y93.79-101.53, still part of initial suppt at Y95.62, just below a couple of highs and lows and now the dly Bolli base at Y95.92. Dly/wkly studies are still mixed but monthly studies look likely to reverse out of overbought levels. A break below initial suppt would test Apr 2 suppt line at Y94.78 and next key level at Y93.50, 200-DMA. Initial res is around Y97.00.
R 4: Y98.52-76 Cloud base, 100-DMA & Kijun, Cloud top & 50%
R 3: Y98.00/27 100-month MA, Low Jul 11, Daily Ichimoku cloud base
R 2: Y97.66/79/81/88 Aug 2009 high, Wkly Tenkan, Dly Tenkan
S 1: Y96.94/97/97.01 Highs Aug 8, 9, Reversal low Apr 30
Latest price: Y96.54
S 1: Y95.62-92 High Jun 18, Low Aug 8, Dly Bolli base
S 2: Y94.78/99/95.22 Apr 2 supt line, May 2010 high & Jun 7 low, Jun 17 high
S 3: Y93.79/91/99 Jun 13 low
S 4: Y93.50/57 200-DMA
EUR/JPY closed below the daily Ichimoku cloud but has slipped back within today, bulls look to hold above the cloud base at Y128.52 and hope to test initial res at Y128.98/129.06, the May 8 low and 100-DMA. A break above would test the cloud top at Y129.39 and the start of further res up to Y129.98, includes the key 55-DMA and dly Tenkan. However, if bears manage to close below the cloud we may see studies slide further, initial suppt is above Y128.02.
R 4: Y131.12 High Apr 11 & Jul 2
R 3: Y130.33/36/53 Daily Kijun line, 21-DMA
R 2: Y129.39/66/70/71/98 Dly Ichimoku top, 55-DMA, Highs Jun 21, Aug 9, Tenkan
R 1: Y128.98/129.06 Low May 8, 100-DMA
Latest price: Y128.55
S 1: Y128.02/19/30 Low Jul 10, 200-month MA
S 2: Y127.03/38 Lows Jun 12, 6
S 3: Y126.26/46 Weekly Kijun line
S 4: Y126.04/18 Reversal high Mar 12, Jun 7 reversal low