EUR/USD - Technical Report
The pair has collapsed once again after short-lived correction that took it towards our yesterday’s first detected technical objectives at 1.0885. Coming beneath 161.8% Fibonacci projection of the above seen wave warns of extending the bearishness towards next Fibonacci level; however, the oversold sign on RSI14 in addition to the positive attempt on MACD traditional argue us to stand aside over intraday basis since stabilizing again above 1.0820 could signal false breakout.
GBP/USD - Technical Report
The GBPUSD pair has slightly corrected yesterday’s incline that sent it towards 1.5140 regions as seen on the provided hourly chart. Over intraday basis, a sideways range is presently under-construction, while the consecutive long lower shadows drawn on the candlesticks of the Asian session suggests potential upside recovery resumption. It is important to be patience until the pair breaches through 1.5140 to long it. On the downside, hourly or four-hour closing below 1.5025 will bring the bearishness back into focus with targets at 1.49.50.
USD/JPY - Technical Report
After touching the main resistance of the uptrend, the pair corrected some of the sharp incline. We do not exclude some correction probability, however, the overall bullishness should continue as long as the pair trades inside the uptrend while linear regression indicators reflects positivity.
Breaching 122.05 could cause another sharp bullish wave, however, falling breach that level could cause some correction toward 121.05. anyway, trading above 119.00 considered positive, while trading above 121.05 could keep the intraday bias to the upside.
