Positive attempt was achieved on GBP/USD, but trading remains below moving averages 20 and 50 and below 50% Fibonacci at 1.5560.
GBP/USD 4-Hour Chart
However, we can’t propose strong bearish wave, as we need a break below 1.5470 to affirm the bearishness; noting that, ADX is negative.
From here, we will be neutral between 1.5560 and 1.5470 and we may sell below 61.8% Fibonacci.
Support: 1.5470 – 1.5400 – 1.5345
Resistance:1.5560 – 1.5600 – 1.5650
Direction: Bearish below 1.5470
EUR/USD inclined, trading above 1.1000 psychological and it still needs to clear 1.1085 to prove the bullishness.
EUR/USD 4-Hour Chart
Assessing indicators, moving averages are positive, while ADX is turning into positivity. Any trading above 1.0965 will be a positive signal.
Support: 1.1000 – 1.0965 – 1.0900
Resistance: 1.1085 – 1.1120 – 1.1200
The USD/CHF pair has been stopped by bears just below 0.9650 levels again and that could be a negative sign, but trading above 0.9540 forces us to be neutral.
USD/CHF Daily Chart
Risk versus reward ratio is inappropriate since the pair is trading also above moving averages despite being resisted below 0.9650.
Only a break back above 0.9630 will weaken .9650 and will be a positive signal over intraday basis.
The pair has declined on Friday ahead of the last weekly closing, proving the strength of the strong level of 124.50 as seen on the provided daily chart.
USD/JPY Daily Chart
Trading between SMA20 and SMA50 forces us to remain neutral, but many negative signs will be activated on RSI and ADX with a break below 123.25.
On the other side, areas of 124.50 for any short positions; noting that, coming above 124.20 will weaken the resistance of 124.50.
Direction: Neutral, but bearish below 123.25