Daily Technical Analysis by FXCC

EURUSD Upwards scenario: Downside structure remains in focus, however break of our initial resistance at 1.1667 (R1) could enable recovery process and suggest next interim aim 1.1695 (R2). Final resistance is seen today at important fractal level 1.1737 (R3). Downwards scenario: Our next support level is placed at 1.1603 (S1). Clearance here might stimulate bearish market participants to drive market price towards to our initial target zone from 1.1562 (S2) onto 1.1522 (S3) price levels.

Resistance Levels: 1.1667, 1.1695, 1.1737
Support Levels: 1.1603, 1.1562, 1.1522


GBPUSD Upwards scenario: GBPUSD is approaching our next resistive structure at 1.3063 (R1). Clearance here is required to open route towards to next target at 1.3105 (R2) and then final aim could be triggered at 1.3149 (R3) is the price keeps momentum. Downwards scenario: The bearish oriented traders expected to be in play below the next support level at 1.2991 (S1) to confirm downside evolvement. Clearance of this level I required to open way towards to our targets at 1.2946 (S2) and 1.2905 (S3).

Resistance Levels: 1.3063, 1.3105, 1.3149
Support Levels: 1.2991, 1.2946, 1.2905

USDJPY Upwards scenario: Possible appreciation above the resistive barrier at 112.21 (R1) is compulsory to resume upwards progress on the medium-term perspective. In such scenario we would suggest next intraday targets at 112.56 (R2) and 112.91 (R3). Downwards scenario: On the downside, fractal at 111.54 (S1) prevents possible downwards penetration. Break here is required to enable lower target at 111.19 (S2) on route towards to final aim for today at 110.82 (S3).

Resistance Levels: 112.21, 112.56, 112.91
Support Levels: 111.54, 111.19, 110.82

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