EURUSD: Bearish Despite Recovery Attempts!
Outlook in EURUSD remains on the downside as long as 1.1640 resistance holds on a daily closing basis, immediate support comes around 1.1580 levels where a cut will accelerate the expected bearish move to the 1.1478 levels, a halt is likely and it may turn higher from here but a cut through the 1.1478 levels will aim the 1.1390 levels, further down support stands at the 1.1330 levels.
On the upside, resistance comes at the 1.1640 levels, above that level will aim the 1.1689/1.1730 levels, further upside resistance comes at the 1.1836/1.1861 levels(main).
Conclusion: The EURUSD continues to face downside threats below 1.1840 levels
Note: Minor resistance comes at the 1.1608 levels ahead of the 1.1658 levels…
As long as 1.3190 resistance holds on a daily closing basis, the GBPUSD remains neutral with risk to the downside, support comes at the 1.3041 levels, a cut will open 1.2978 levels, a halt is likely but a cut will aim the 1.2908 levels, further down support stands at the 1.2792 levels.
On the upside, above 1.3190 will extend the recovery to the 1.3300 levels where another falling is very likely, above 1.3300 will extend the recovery to the 1.3442 levels.
Conclusion: The GBPUSD sees downside move below 1.3300/1.3190 levels…
With USDJPY failing to continue higher through the 114.27 s, a short-term resistance has been printed at the 114.72 levels, while its immediate risk remains higher, the USDJPY will have to break and hold above the 114.87 levels to prevent a return to the downside.
Immediate support stands at the 113.60 levels where a cut will aim the 113.20 levels, further down, support stands at the 112.50 levels.
On the upside, resistance stands at the 114.87 levels, a break will extend gains to the 116.33 levels, further upside will aim the 117.42 levels
Conclusion: The USDJPY remains exposed to the downside below the 114.87 levels…
1-we have a static resistance at the 115.20 levels on the weekly chart.
2- In case of a corrective pullback, buyers should return above/around 111.70 levels…