EUR/USD (1.1886)
Market made a quick attempt lower at 1.1860 and bounced back to the 1.1900 level where pair is currently holding. Intraday studies are mostly negative and another test of the 1.1860 level is not ruled out. A break there would see further weakness targeting 1.1780 next. On the upside, only a break above 1.2035 would open way to further upside targeting 1.2115 first. Daily studies are deep in oversold territory and showing early signs of a positive bias. Stand aside.

Supports: 1.1860-1.1780-1.1705-1.1690-1.1665-1.1535-1.1430
Resistances: 1.1955-1.2000-1.2080-1.2190-1.2210-1.2270-1.2320-1.2345
Market direction: Neutral - Bearish
Today's projected high/low: 1.1960-1.1860
Weekly pivot supports: 1.2525-1.1990
Weekly pivot resistances: 1.3208-1.3457
Conservative recommendation: Stand aside
Aggressive recommendation: Stand aside
 
USD/JPY (117.75)
No change in view, market is still trading sideways between 116.75 & 118.25. Intraday studies are slightly positive for the pair however a break above 118.25 is needed to see further upside towards 119.00 first. Daily studies remain negative for the pair however the current lack of follow through on the downside calls for caution. A break below 116.75 would see further weakness towards 116.00. Stand aside.

Supports: 116.70-116.10-115.90-115.40-114.80
Resistances: 118.25-118.90-119.50-120.25-120.95- 121.50
Market direction: Neutral - Bullish
Today's projected high/low: 118.30-116.70
Weekly pivot supports: 105.15-104.67
Weekly pivot resistances: 109.55-108.90
Conservative recommendation: Stand aside
Aggressive recommendation: Stand aside
 
GBP/USD (1.7394)
Market remains capped below the 1.7475 level where pair failed again. Market bounced lower from there and another test of the 1.7375 low is on the cards next. Intraday studies are showing mixed signals. A break below 1.7375 would see further weakness targeting 1.7255 next. On the upside, a break above 1.7475 would see further upside towards 1.7520 & 1.7600. Daily studies are oversold and on the hedge to turn positive for the pair. Stand aside for now.

Supports: 1.7375-1.7255-1.7175-1.7120-1.7070-1.6925
Resistances: 1.7475-1.7520-1.7590-1.7645-1.7770-1.7850
Market direction: Negative
Today's projected high/low: 1.7520-1.7370
Weekly pivot supports: 1.8506-1.8314
Weekly pivot resistances: 1.9046-1.9394
Conservative recommendation: Stand aside
Aggressive recommendation: Stand aside
 
USD/CHF (1.3094)
Market bounced from the 1.3025 low and reached 1.3120 where pair was rejected. Pair has been consolidating at the 1.3100 level since. Intraday studies are showing mixed signals. On the upside, a break above 1.3040 is needed to open way for another up-leg targeting 1.3125 & 1.3200. On the downside, a break below 1.3025 would see further downside targeting 1.2920 & 1.2830. Daily studies are deep in overbought territory and some pullback is not ruled out. Stand aside for now.

Supports: 1.3030-1.2940-1.2910-1.2830-1.2760-1.2735-1.2630-1.2600
Resistances: 1.3140-1.3170-1.3205-1.3235-1.3285-1.3390-1.3605
Market direction: Neutral
Today's projected high/low: 1.3140-1.3020
Weekly pivot supports: 1.1749-1.1500
Weekly pivot resistances: 1.2139-1.2280
Conservative recommendation: Stand aside
Aggressive recommendation: Stand aside
 
AUD/USD (0.7378)
Market is still trading sideways between 0.7350 & 0.7450. Pair is currently consolidating at the 0.7380 level. Intraday studies are slightly negative however a break below 0.7350 is needed to see further weakness targeting 0.7300 & 0.7230. On the upside a break above 0.7450 would see further upside towards 0.7480 & 0.7560. Daily studies remain negative for the pair but in oversold territory. Stand aside.

Supports: 0.7350-0.7335-0.7215-0.7295-0.7230-0.7150
Resistances: 0.7450-0.7540-0.7590-0.7610-0.7645-0.7730
Market direction: Neutral - Bearish
Today's projected high/low: 0.7450-0.7350
Weekly pivot supports: 0.7730-0.7546
Weekly pivot resistances: 0.7872-0.8026
Conservative recommendation: Stand aside.
Aggressive recommendation: Stand aside.
 
USD/CAD (1.1574)
Market is still trading sideways between 1.1600 & 1.1500. Overall intraday studies are positive for the pair however a break above 1.1610 is needed to see further upside towards 1.1670 & 1.1750. On the downside, a break below 1.1500 would see further weakness towards 1.1400 next. Daily studies remain positive for the pair however a break above 1.1610 is needed to see another up-leg. Stand aside.

Supports: 1.1500-1.1475-1.1400-1.1370-1.1350-1.1200-1.1150-1.1100
Resistances: 1.1590-1.1615-1.1670-1.1755-1.1770-1.1800
Market direction: Bullish
Today's projected high/low: 1.1620-1.1500
Weekly pivot supports: 1.2048-1.1911
Weekly pivot resistances: 1.2390-1.2540
Conservative recommendation: Stand aside.
Aggressive recommendation: Stand aside.