EUR/USD
The pair dropped yesterday and broke 1.3330 levels indicating that the correction became sideways, as the downside move currently extended and could reach 61.8% correction at 1.3230 showing on graph.
Trading below 1.3375 strengthens the bearish possibility, and without breaching 1.3420, negativity remains available.
GBP/USD
The pair dropped failing the bullish expectations taking the pair to trade below 23.6% correction at 1.6630. Stabilizing below the referred to level extends the downside move, whereas based on Fibonacci rules, breaking 23.6% correction pushes the pair to touch 38.2% correction.
As for today, trading below 1.6700 is negative but stabilizing below 1.6630 is more negative. Trading below 1.6600 extends the downside move.
USD/JPY
The pair moved sharply to the upside and is currently trading above 103.00. Stabilizing above 102.90 strengthens the possibility of extending the upside move, as the pair is currently targeting retesting the resistance 104.00, and breaching it could extend bullishness.
Only a break below 102.05 fails the bullish wave, but intraday, stabilizing above 102.50 is significant to keep the upside move valid without any deep corrections.
AUD/USD
AUDUSD has moved bearishly and it is currently trading below 0.9310-support turned into resistance- as seen on the provided chart. Coming below 23.6% Fibonacci in addition to stabilizing below moving averages is a negative catalyst; particularly after failing to penetrate 0.9340 once again. However, we will be neutral today as far as trading remains above the key support at 0.9360-0.9350.
