GBP/USD - Technical Report
The GBPUSD couldn’t breach the initial support at 1.4830 yesterday, while stability remains below the upper line of Linear Regression that intersects with the key resistance of 1.4985. Thereby, neutrality is in favor over intraday basis until the pair clears one of those levels with a daily closing to join the new trend.
USD/JPY - Technical Report
The pair rose above linear regression indicators and above 50% Fibonacci correction; moreover, MACD shows a positive crossover. On the other hand, The pair is trading below the previously breached support turned into resistance located at 120.15. Trading below 120.15 preventing us from expecting more bullishness, as the current move could be just a retest before resuming the down movement.
Therefore, we prefer staying aside awaiting for more confirmation. Off note, breaching 118.90 will turn back the negativity again.
AUD/USD - Technical Report
The AUDUSD pair dropped, however, the pair is still trading above the main resistance of the down trend and above linear regression indicators as the daily chart shows. Trading above 0.7635 will keep the probability of another attempt to rise, on the other hand, trading above 0.7700 is needed to keep the bullishness continue on the intraday trading.
From the upside, breaching 0.7915 is needed to confirm our bullish expectations.
NZD/USD - Technical Report
NZDUSD pair bullish wave weakened after failing breach 0.7670 with a daily close, and retreated to trade around 0.7580 . 0.7580 considered a pivotal level for today trading, as trading above it will take the pair higher; while trading below it will cause more bearishness. On the other hand, we should consider any trading above 0.7445 positive for the pair, as its trading above the breached main resistance of the down trend.
We need to stay aside today, waiting for the weekly closing to confirm stability above 0.7580 or breaching it to retest 0.7445 levels.
