EURUSD
The Euro�s near-term tone weakened, as the price failed to clear psychological 1.37 barrier after brief probe above recent range top at 1.3686 and subsequent easing cracked range�s lower boundary at 1.3636. Hourly studies turned negative, with downside risk towards Fibonacci 50% and 61.8% of 1.3547/1.3698 upleg, being in play. On the other side, overall picture remains bullish, with positive 4-hour conditions being supportive for renewed attempt higher, once corrective phase is completed. Dips should be contained at / above 1.36 handle, also trendline support, to keep the scenario valid. Otherwise, risk of lower top formation at 1.3698 and return to initial support at 1.3550, 09/01 low / daily 100DMA, will remain on the table.
Res: 1.3643; 1.3657; 1.3689; 1.3700
Sup: 1.3600; 1.3583; 1.3567; 1.3552
GBPUSD
Cable remains in near-term directionless mode, trading within 1.6510 and 1.6336 range, with the price action moving below range�s midpoint. Hourly studies are losing traction after yesterday�s rejection at 1.6463, with 4-hour technicals being in neutral mode. This sees potential for prolonged sideways trading, with break of either boundary required to define near-term direction. Positive daily studies keep the upside focused, however, loss of initial support and higher base at 1.6340 zone, as well as psychological 1.6300, also Fibonacci 61.8% retracement of 1.6212/1.6602, would undermine the structure and risk deeper pullback.
Res: 1.6400; 1.6426; 1.6463; 1.6490
Sup: 1.6375; 1.6366; 1.6336; 1.6300
USDJPY
The pair regained strength on yesterday�s bounce from fresh low at 102.84, as subsequent acceleration peaked at 104.46 and retraced over 61.8% of 105.34/102.84 downleg. Corrective pullback on overbought hourly conditions should find support around 103.70, near mid-point of entire rally, to keep fresh bulls in play, however, still weak 4hour conditions require caution. Regain of 105 handle to confirm higher low formation and re-focus key barriers at 105.34/43, conversely, slide below 103.70 would risk further weakness and retest of 103.00/102.84 supports.
Res: 104.46; 104.60; 105.05; 105.34
Sup: 104.00; 103.65; 103.46; 103.22
AUDUSD
The pair lost ground again after recovery stalled at 0.9083 and subsequent pullback lost 0.9000/0.8980 support, to extend weakness to psychological 0.8900 support. This confirms false break above near-term range and shifts near-term focus lower, as near-term technicals turned negative. Consolidation around 0.89 support is seen on oversold hourly conditions, with corrective rallies to face resistances at 0.8950/70 and 0.9000, previous support and bearish 20/55DMA�s cross, seen capping for now. Extension below 0.8900 handle would risk return to near-term base and key support at 0.8820 zone.
Res: 0.8922; 0.8950; 0.8970; 0.9000
Sup: 0.8879; 0.8842; 0.8819; 0.8800