EUR/USD - European Session
The pair dropped sharply and broke 1.1470 then 1.1370 levels strengthening our previously suggested negative expectations, and holding below the referred to levels is negative and support the downside move in the coming period.
In case of stability below 1.1370, the downside move could extend to target 1.1225 and 1.1170 and 1.1100, while breaching 1.1475 and holding above it threatens to fail the suggested expectations.
GBP/USD - European Session
GBPUSD pair dropped sharply and is trading below Linear Regression Indicator 34 and 55, in addition to 88.6% correction of the bullish wave that started from 1.4814 reaching the top 1.7188.
In fact, trading below 1.5085 is negative but the pair will meet today the support of the descending channel around 1.4960 - 1.4940 because Risk/Reward Ratios are inappropriate at these levels. Hence, we prefer to remain neutral intraday waiting for new confirmation signals.
USD/JPY - Technical Report
The pair pushed higher and breached 118.25, holding above it strengthens our previously suggested positive expectations and favors extending the upside move in the coming period.
Holding above 118.25 confirms the upside move and its extension targeting 119.05 and 119.70 and 120.45, while breaking 116.90 threatens to fail the suggested expectations.
USD/CHF - Technical Report
The pair inched higher and is attempting to breach 0.8705, while holding below this level is negative and support the downside move.
Holding below 0.8705 extends the downside move targeting 0.8400 and 0.8300, while breaching 0.8805 threatens to fail the suggested expectations.
USD/CAD - Technical Report
The pair is still moving to the upside and achieved new tops supporting the expectations of further bullishness, while Linear Regression Indicators still positively support the pair. We wait to extend the positive trading in the coming period targeting next 1.2550.
AUD/USD - Technical Report
AUD/USD pair broke 0.8040 and holding below it is negative and support the downside move as long as the pair stabilizes below 0.8040.
Holding below 0.8040 favors extending the downside move targeting 0.7940 and 0.7900 and 0.7830, while breaching 0.8140 threatens to fail the suggested expectations.
NZD/USD - Technical Report
The pair dropped and broke 0.7570, as stabilizing below it is negative and support the downside move targeting now 0.7430. Breaking 0.7430 and holding below it triggers a new bearish wave in the coming period, while breaching 0.7610 threatens to fail the suggested expectations.
