EURUSD: Bullish Eyes The 1.2522 Levels!
The EURUSD maintained a bullish momentum yesterday, bottomed at the 1.2346 levels and topped at the 1.2461 levels. This development leaves the pair targeting the 1.2522 levels, a halt is likely and it may turn lower from here, but a break will aim the 1.2600 levels, further upside, resistance comes at the 1.2692 levels.
On the downside, support comes at the 1.2412/1.2387 levels ahead of the 1.2346 levels (main). below 1.2346 sees a pullback risk to the 1.2240 levels.
Conclusion: The EURUSD sees upside threats above the 1.2346 levels.
Outlook in GBPUSD remains on the upside to the 1.4277 levels, a halt is likely and it may turn lower from here but a break may expose the 1.4345 levels and pave the way to the 1.4430 levels, further upside, resistance comes at the 1.4615 levels.
On the downside, support comes at the 1.4218 levels ahead of the 1.4170/1.4130 levels where a cut will aim the 1.4075 levels, further down, support comes at the 1.3993 levels.
Conclusion: The GBPUSD continues to face upside threats above the 1.4170/1.4130 levels with a risk to the 1.4277 levels, below 1.4130 sees a pullback risk to the 1.4075/1.3993 levels before another rise…
As long as 105.59/106.08 resistance holds on a daily closing basis, the USDJPY remains on the downside to the 105.25 levels where a cut will accelerate the bearish to the 104.60 levels, below 104.60 will aim the 104.25 levels, a halt is likely but below 104.25 will aim the 103.00 levels, further down, support comes at the 101.55 levels.
On the upside, above 106.08 sees a recovery risk to the 106.63/107.05 levels, where rejection is likely, above 107.05 will aim the 107.75 levels.
Conclusion: The USDJPY continues to face downside threats below the 106.08 levels.