GBP/USD has declined slightly, reinforced by moving below SMA20 and SMA50.
Failure to hit 23.6% Fibonacci at 1.5755 makes the market attempts to move lower.
Breaching through 1.5645 is essential to prove the bearishness and to affirm ADX signal.
Support: 1.5700-1.5645-1.5600
Resistance: 1.5755-1.5780-1.5800
Direction: Down
Sharp fluctuation due to the Greek crisis, as the EUR/USD pair has failed to maintain levels above SMA50 and is currently trading below SMA20.
The pair is trading around 50% Fibonacci and that forces us to be neutral over intraday basis, while 1.1125 should be watched out carefully.
Support: 1.1100-1.1055-1.0950
Resistance: 1.1170-1.1200-1.1260
Direction: Sideways
USD/CHF has bounced sharply to trade above moving averages 20 and 50 once again as seen on the provided daily chart.
RSI14 and ADX are now positive, and that may assist traders to clear the cluster resistance of 0.9425.
To be prudent, no long positions should be taken before taking the aforesaid resistance.
Support: 0.9355-0.9315-0.9275.
Resistance: 0.9425-0.9460-0.9500
Direction: Bullish
The bounce from 121.90 on USD/JPY warns of entering a consolidation mode following the sharp declines seen during the previous period.
Still, there is some kind of hesitation and uncertainty about upside actions due stability below SMA20, while RSI14 is still trading below the value of 50.00.
Hence, we will watch the price behaviors today to see whether USD/JPY will continue to stabilize above 122.40-pivot point - or it is just a false breakout.
Support: 122.40-121.90-121.50
Resistance: 122.85-123.20-123.75
Direction: Sideways