EUR/USD - European Session
The pair dropped after failing to breach 1.2460. Breaking 1.2400 and stabilizing below it strengthens our suggested negative expectations, as breaking 1.2360 favors extending the downside move targeting 1.2305 and 1.2275, while a break above 1.2490 threatens to fail the suggested expectations.
GBP/USD - European Session
The pair is moving in a tight range showing above and its resistance resides at 1.5730, as stability below this level keeps the negative pressure valid supported by the negativity of Linear Regression Indicators. Breaking 1.5590 supports the bearish expectations, and the awaited targets reside at 1.5500 then 1.5425, while a break above 1.5730 pushes the pair towards 1.5890 before moving back to the downside.
USD/JPY - Technical Report
The pair dropped and is trading around 117.85, stability above this level support the upside move. The pair is facing a strong resistance at 119.00, breaching and stabilizing above it favors a new bullish wave targeting 120.80 and 121.70, while breaking 116.50 threatens to fail the suggested expectations.
USD/CHF - Technical Report
The pair dropped touching 0.9665, and breaching 0.9725 and stabilizing above it favors extending the upside move targeting 0.9770 and 0.9880 and 0.9875. Trading above 0.9685 is positive and support the bullish expectations, while breaking 0.9645 threatens to fail them.
USD/CAD - Technical Report
The pair failed to break 1.1205 yesterday and moved back to the upside to trade now above the key support of the minor ascending channel showing above. Stability above 1.1265 is positive and could lead to retesting 1.1360.
Also, a break above 1.1360 - 1.1365 triggers a bullish wave that targets a new top above the latest one recorded at 1.1467. from the downside, breaking 1.1205 brings negativity back and tests 1.1140 at least.
AUD/USD - Technical Report
The pair dropped and is trading around 0.8600. Stability below 0.8625 favors extending the downside move targeting 0.8540 and 0.8500, while a break above 0.8750 threatens to fail the suggested expectations and indicates a positive catalyst of bringing the upside move back again.
