USD/JPY has moved to the downside again after testing areas around 114.00, while RSI14 has been resisted at 50.00 levels.
In the interim, the pair is now struggling below SMA20 and thus, we will change our outlook from bullish to be neutral now to see whether 113.00 support will protect bulls or not.
For the premium recommendation, the major protection level is 112.40, and we will wait a little bit more to see whether the pair will come again above 113.50 resistance or if it will not be able to inch higher.
Support: 113.00-112.40-112.00
Resistance: 114.00-114.60-115.00
Direction: Neutral, but bullish above 113.50
USD/CHF continues to fluctuate below 50% Fibonacci and below SMA20, while the mild positive signs -appeared with the opening of week- started to be weaker.
Moving below 0.9900 levels argues us to be bearish, while coverage from SMA20-green- and SMA50-red is also another bearish signal.
A break below 0.9795 will affirm and accelerate the outlook.
Support: 0.9800-0.9760-0.9725
Resistance: 0.9900-0.9925-0.9950
Direction: Bearish
Euro failed to stabilize above SMA20 at 1.1100, which meets 50% Fibonacci, and that would send the pair lower towards 38.2% levels around 1.1030 and 1.1035.
ADX is negative, while RSI attempts to be negative, but we need a break below 1.1030 to be bearish and we may close any open positions if the pair fails to take this level out.
Support: :1.1060 – 1.1030 – 1.0950
Resistance: 1.1100 –1.1165 – 1.1200
Direction: Bearish
Negative signals appeared on RSI and ADX, while prices have fallen below 50% Fibonacci at 1.4250, which is s negative catalyst as it was accompanied by stability below SMA20.
The main support of the corrective uptrend and SMA 50 represent obstacles for bears; so that, we need a break below 1.4210-1.4200 to extend the bearishness.
Support: 1.4210 – 1.4180 – 1.4150
Resistance: 11.4250 – 1.4300 – 1.4350
Direction: Bearish below 1.4210