EUR/USD (1.2074)
Market is still consolidating between the 1.2120 & 1.2035 levels which capped further downside three times already. Intraday studies are currently neutral. On the upside a break above 1.2180 would see further upside targeting 1.2135 & 1.2235. On the downside, a break below 1.2035 would see further weakness towards 1.1925 first. Daily studies are close to overbought territory and a break below 1.2030 would suggest that a top is in place. Stand aside for now.

Supports: 1.2030-1.2000-1.1960-1.1780-1.1705-1.1690-1.1665-1.1640
Resistances: 1.2120-1.2155-1.2185-1.2210-1.2270-1.2345
Market direction: Neutral
Today's projected high/low: 1.2110-1.2030
Weekly pivot supports: 1.2525-1.1990
Weekly pivot resistances: 1.3208-1.3457
Conservative recommendation: Stand aside
Aggressive recommendation: Stand aside
 

USD/JPY (114.43)
Market is still trading sideways after the failure to break the 113.80 level and pair is currently holding above the 114.00 level. Intraday studies are mostly neutral. Another failure at 113.80/114.00 would see deeper corrective upside towards 115,40 & 116.45 maximum. On the downside, a break below 113.80 would see further weakness targeting 113.80 & 112.07. Daily studies are close to oversold levels. Stand aside.

Supports: 113.75-113.50-113.15-112.60-111.80
Resistances: 114.70-114.85-115.55-116.20-116.50-117.00-117.60-118.00
Market direction: Negative - Neutral
Today's projected high/low: 114.80-113.60
Weekly pivot supports: 105.15-104.67
Weekly pivot resistances: 109.55-108.90
Conservative recommendation: Stand aside
Aggressive recommendation: Stand aside
 

GBP/USD (1.7635)
Market is still trading slightly lower from the 1.7725 level and market is currently being capped above 1.7595. Intraday studies are slightly negative for the pair however the lack of follow through calls for caution. A break below 1.7600 would see further weakness targeting 1.7575 next. A failure to break below latter would see further upside targeting 1.7725 & 1.7750. Daily studies are entering overbought territory. Stand aside for now.

Supports: 1.7600-1.7575-1.7510-1.7465-1.7330-1.7250-1.7220-1.7190
Resistances: 1.7700-1.7730-1.7750-1.7790-1.7815-1.7900
Market direction: Neutral
Today's projected high/low: 1.7700-1.7580
Weekly pivot supports: 1.8506-1.8314
Weekly pivot resistances: 1.9046-1.9394
Conservative recommendation: Stand aside
Aggressive recommendation: Stand aside
 

USD/CHF (1.2799)
Market is still trading sideways currently holding above the 1.2790 level. Intraday studies are mostly neutral and further consolidation is expected to follow for the time being. Daily studies remain negative but close to oversold levels however a break below 1.2675 is needed to see further weakness targeting 1.2600. Stand aside for now.

Supports: 1.2800-1.2745-1.2675-1.2640-1.2600-1.2510-1.2450
Resistances: 1.2880-1.2900-1.3060-1.3170-1.3200-1.3235
Market direction: Neutral - Bearish
Today's projected high/low: 1.2900-1.2780
Weekly pivot supports: 1.1749-1.1500
Weekly pivot resistances: 1.2139-1.2280
Conservative recommendation: Stand aside
Aggressive recommendation: Stand aside
 

AUD/USD (0.7496)
The downside from the 0.7550 level is currently being capped above the 0.7475 where pair is consolidating. The consolidation is allowing intraday studies to correct lower and further upside is on the cards near-term targeting 0.7550 & 0.7585. Daily studies remain positive but close to overbought levels. Stand aside.

Supports: 0.7480-0.7440-0.7400-0.7375-0.7335-0.7215-0.7295
Resistances: 0.7500-0.7570-0.7610-0.7645-0.7730-0.7770
Market direction: Bullish
Today's projected high/low: 0.7580-0.7380
Weekly pivot supports: 0.7730-0.7546
Weekly pivot resistances: 0.7872-0.8026
Conservative recommendation: Stand aside.
Aggressive recommendation: Stand aside.
 

USD/CAD (1.1672)
After the failure at the 1.1750 level, also the trendline level from the 1.2735 high. Intraday studies are negative for the pair and the downside should reached 1.1600 & 1.1565 before further upside is seen. Daily studies are turning positive for the pair however a break above 1.1750 is needed to confirm the positive bias. Look to enter long above 1.1750.

Supports: 1.1600-1.1550-1.1500-1.1450-1.1425-1.1400-1.1350-1.1200
Resistances: 1.1755-1.1770-1.1850-1.1935-1.2030
Market direction: Neutral - Positive
Today's projected high/low: 1.1750-1.1600
Weekly pivot supports: 1.2048-1.1911
Weekly pivot resistances: 1.2390-1.2540
Conservative recommendation: Long 1.1775, SL 1.1630, target 1.1850 first
Aggressive recommendation: Long 1.1775, SL 1.1630, target 1.1850 first