USDJPY has moved sharply to the downside after being resisted in the downtrend line areas as seen on the provided daily chart.
Moving below SMA20 would bring further downside actions alongside strong negative signs on ADX and RSI14.
Eyes are now on 118.80, as breaching it will accelerate the downside wave.
Anyway, we will be bearish over intraday basis, supported by the negative catalysts appearing on the chart.
USDCHF collapsed once again after coming below moving averages 20 and 50, while other momentum and trend indicators are offering negative signals.
Trading below 50% Fibonacci is a very negative sign and we will bearish, aiming to reach 0.9475 level where the next Fibonacci support exists.
Only, a break back above 61.8% Fibonacci will give us a rational reason for concern.
EURUSD has soared, stabilizing above 50% Fibonacci at 1.1400 alongside positive signs on ADX, which may bring more upside actions.
On the downside, stable move above 1.1325 is essential to keep the bullishness valid, but we may witness some kind of volatile movements due to overbought signs on RSI14.
Support: 1.1400 – 1.1380 – 1.1325
Resistance: 1.1475 –1.1500 – 1.1580
GBPUSD trades near the previous broken support, which turned into resistance as seen on the provided chart below.
Stable move above 61.8% is a positive sign, while stability above 1.5565 keeps the bullishness valid.
ADX is definitely positive, but RSI shows some kind of weakness and thus, we hold onto bullish anticipations above 1.5490.
Support: 1.5565 – 1.5490 – 1.5410
Resistance: 1.5620 – 1.5680 – 1.5745