EURUSD Daily Forecast Jul 10 2020

EURUSD: Faces Pullback Threats With Caution... The EURUSD remains in a pullback mode as long as 1.1350 resistance holds on a daily closing basis. Support...
USDJPY: Hovering Around Medium Term Resistance... The USDJPY remains in a recovery mode and further upside couldn't be ruled out, as long as the pair trades above 108.83 levels on a daily closing basis. Resistance comes at 110.65 level. At this point, I'd expect strong resistance from the 110.65 levels to limit the rise from 101.17 levels and bring consolidation....
GBPUSD: Bearish Despite Recovery Attempts... The GBPUSD remains on the downside as long as 1.1785 resistance holds on a daily closing basis. Support comes at the 1.1580 level ahead of the 1.1345 level. A halt is likely, but a cut would open 1.1075 next, further down, support comes at 1.0880 levels... On the upside, resistance comes at 1.1785 level broken support...
EURUSD Remains Under Pressure... The EURUSD remains on the downside as long as 1.0780 resistance holds on a daily closing basis. Support comes at 1.0610 level. A halt is likely, but a cut would open 1.0490 next, further down, support comes at the 1.0335 levels... On the upside, resistance comes at the 1.0780 level. Above 1.0780 sees recovery threats to 1.0930...
USDJPY: Recovering But Vulnerable Medium Term... The USDJPY remains in a recovery mode and further upside couldn't be ruled out, as long as the pair trades above 107.22 levels on a daily closing basis. Resistance comes at 108.83 level. A break would open 110.65 level. A halt is likely, it may turn lower from here, But above 110.65 open 112.00...
GBPUSD: Bearish Despite Recovery Attempts... The GBPUSD remains on the downside as long as 1.1785 resistance holds on a daily closing basis. Support comes at the 1.1580 level. A halt is likely, but a cut would open 1.1345 next, further down, support comes at 1.1075 levels. On the upside, resistance comes at 1.1785 level broken support turned resistance. Above 1.1785 sees...
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