Intraday USDJPY resistance seems to be at 112.20 above this 112.40/112.50 exists. Flipside support finds at 111.85/111.75 its intraday pivotal, below here 111.40/111.00 exists. Given the risk around new US 200bn tariff from China imports USDJPY likely to cap around 112.40 its 100.0fe of 110.25-111.80-110. 35.
EURUSD: The key support level is placed at 1.1625 and 1.1600 below here 1.1550 and 1.1530/1.1525 exists. If the price action started moving upwards, key resistance levels to watch out are 1.1660/1.1670 and 1.1700. Given the lack of data clues, USD price action is the catalyst for today’s EURUSD price action. It seems the weekly price action may have contained within the 1.1735-1.1525 range unless a fresh catalyst emerges, most possible upside.
EURCHF: Intraday pivotal finds at 1.1230 its hourly 100.0fe (A-B-C corrective structure of 1.1343-1.1260-1.1315). Below here 1.1200 and 1.1185 exists. Flipside resistance seems at 1.1270/1.1280 and 1.1315. The RSI has been printing a positive divergence and the oscillator is remaining bullish.
EURJPY: The downside prevails as long as 131.15 is resistance, its 200MA coincides with parallel resistance.
EURSEK: Intraday pivotal is 10.50. As long as 10.50 is support look for 10.55/10.56. Flip side 10.47 and 10.45 exists.
EURUSD: The key support level is placed at 1.1625 and 1.1600 below here 1.1550 and 1.1530/1.1525 exists. If the price action started moving upwards, key resistance levels to watch out are 1.1660/1.1670 and 1.1700. Given the lack of data clues, USD price action is the catalyst for today’s EURUSD price action. It seems the weekly price action may have contained within the 1.1735-1.1525 range unless a fresh catalyst emerges, most possible upside.
EURCHF: Intraday pivotal finds at 1.1230 its hourly 100.0fe (A-B-C corrective structure of 1.1343-1.1260-1.1315). Below here 1.1200 and 1.1185 exists. Flipside resistance seems at 1.1270/1.1280 and 1.1315. The RSI has been printing a positive divergence and the oscillator is remaining bullish.
EURJPY: The downside prevails as long as 131.15 is resistance, its 200MA coincides with parallel resistance.
EURSEK: Intraday pivotal is 10.50. As long as 10.50 is support look for 10.55/10.56. Flip side 10.47 and 10.45 exists.