EURUSD

Bullish day for the euro yesterday rising 115 pips during the session. It opened at daily low 1.1015 and closed near the high 1.1130. This rise reversed 60% of the losses we saw over the previous few days. In today’s early trading we saw it continue going up to a high 1.1150. On the H1 Chart we have the double bottom reversal pattern at 1.1015 and prices above 55 moving average, confirming the reversal of the previous downtrend

Res: 1.1140, 1.1190, 1.1245
Sup: 1.1015, 1.0980, 1.0945




GBPUSD

Sideways action for the sterling, there was two failed attempts to break the important 1.57 barrier yesterday, low was at 1.5630. Early trading today went for a third attempt for 1.57 resistance and looks to have failed again. Regarding UK figures today we have Retail sales m/m with the expectation of 0.4% higher than the previous reading of -0.2%

Res: 1.5700, 1.5730, 1.5770
Sup: 1.5600, 1.5550, 1.5530




USDJPY

After trading sideways for the past 5 days, USDJPY tried to break this pattern with an attempt of breaking 123.80 support, it made a low of 123.66 but looks like it failed since it spent less than an hour below the support. Since then it went back up 40 pips and is currently trading near the daily high of 124. 123.80 was also the low it reached on the 12th of August

Res: 124.70, 125.25, 125.65
Sup: 123.80, 123.50, 123.00




AUDUSD

Again nothing to mention here, to understand what’s happening we have to have a look at the daily chart, which shows an overall downtrend that ended at a low of 0.7230 on the 31st of July. Since then it’s been sideways trading with another attempt at that support on the 12th of August. All the daily candles after that have had very tight ranges with no break of support or resistance levels

Res: 0.7390, 0.7410, 0.7450
Sup: 0.7280, 0.7235, 0.7210