USD/CHF has consolidated, where it found a solid support above the intersection point of SMA20 and SMA50 at 0.9675 as seen on the provided daily chart.
We see continuous attempts to clear 0.9725, which should be taken out to expose 0.9800 and 0.9830 areas.
We will be bullish today, and a break above the aforesaid level will accelerate as far as 0.9630 holds.
Support: 0.9680-0.9630-0.9600
Resistance: 0.9740-0.9780-0.9820
Direction: Bullish
Euro attempts to breach 1.1380-1.1385 and ADX shows a negative crossover over daily studies, while RSI moves sideways, which proves the importance of achieving a breakout below that level.
Meanwhile, EUR/USD is to face SMA50 at 1.1350, and a break below it will expose 1.1285 at 78.6% Fibonacci.
We will be bearish today, but once the pair fails to hit 1.1350 we will close any open positions.
Support: : 1.1350 – 1.1310 – 1.1285
Resistance: 1.1445 –1.1495 – 1.1550
Direction: Bearish attempt
GBP/USD attempts to incline after getting the bullish momentum it needs around 50% Fibonacci, but it is still trading below moving averages and below 1.4480 where 38.2% exists.
We can’t confirm the bullish direction as far as 1.4480 holds, and we need a break above 1.4385 to be bearish.
We will be neutral now.
Support: 1.4400 – 1.4345 – 1.4295
Resistance: 1.4440 – 1.4480 – 1.4525
Direction: Neutral
In accordance with our suggested bullish scenario, the USD/JPY pair has soared, clearing SMA20 at 108.60 with a daily closing.
The effect of the positive divergence on RSI remains in play, while ADX is positive.
Thereby, we will be bullish today, aiming to challenge 110.00 psychological, reinforced by the long white candle formed yesterday.
Support: 108.30-107.90-107.30
Resistance:109.20-109.65-110.00
Direction: Bullish