EUR/USD - European Session
The pair is still trading below 88.6% correction as showing on graph above. Stability below the mentioned level at 1.2890 keeps the possibility of the downside move. But we notice now that the pair is trading above Linear Regression Indicator 34 and around Linear Regression Indicator 55 showing on graph, which requires breaking 1.2785 to confirm extending the downside move in the upcoming period.
Stability above 1.2885 could lead to a bullish correction, but since the pair is stable below it we keep our negative expectations.
GBP/USD - European Session
We notice positive attempts now after the pair retested 1.6285 yesterday and stabilized above it supporting extending the upside move expected in our latest reports, and our next main target resides at 1.6625. The negativity of momentum indicators obstructs the expected bullish wave and could slow the upside move; but generally, the suggested upside move remains valid by stabilizing above 1.6285.
USD/JPY - Technical Report
USD/JPY pair failed to stabilize above 109.00 but is still close to the mentioned levels that could be retested. Trading above 107.20 keeps the upside move valid.
According to that, breaching 109.00 and stabilizing above it favors extending the upside move, whereas breaking 107.20 threatens the suggested expectations.
USD/CHF - Technical Report
The pair managed to touch 0.9420 then rebounded back to the downside, but remained above 0.9370 levels forcing us to remain on the sidelines waiting to breach 0.9420 and stabilize above it activating the positive expectations, or breaking 0.9370 and stabilizing below it favors extending the downside move targeting 0.9290 and 0.9230.
AUD/USD - European Session
AUDUSD is providing noticeable positive trading after ending yesterday's session below 0.8880, this contradiction between technical factors forces us to be neutral temporarily to monitor the pair at the mentioned level, whereas stability above it supports the possibility of trading positively targeting 0.9000, while trading again below it reactivate the downside move with its next target at 0.8690.
NZD/USD - Technical Report
The pair inched higher targeting 0.8140, whereas breaching the latter and stabilizing above it favors extending the upside move within a bullish correctional wave despite that the general move is to the downside. If the pair managed to stabilize above 0.8140, it could target 0.8200 and 0.8255, while breaking 0.8070 threatens the suggested expectations.
