The Pound may try to correct to the upside, amid some profit taking, but the GBPUSD is still very weak and the pullback may be temporary. Therefore, the pair may fall back down and continue registering lower lows.

Cable Update (GBPUSD)

Very good drop on the USDCAD below the 1.2600 level. The pair may continue lower towards the 1.2449 level.

USD/CAD

Bitcoin just keeps dropping, now reaching a latest low around the 6490 level. Lets see if the 5982 level could hold the drop on the crypto.

Bitcoin technical analysis

The EURUSD is stock again at its 200 month EMA, which is exactly at the 1.2300 level. From this point, the pair may bounce to the upside, but it could also just consolidate around the 1.2300 zone.

EURUSD

The bullish momentum on the EURUSD takes a break during today's session. The pair has consolidated around the 1.2400 level, but it could try a pullback to the 1.2300 level. To the upside, its most relevant resistance is at the 1.2500 level.

EURUSD only

No clear direction yet on the EURUSD, the pair is stuck at the 1.2300 level and it will stay there until something amazing happens at the fundamental level.

EURUSD only

The 106.00 level is still acting as a support on the USDJPY, but the pair is really boxed between that level and the 107.00 zone. The 55 day EMA is still pointing down, indicating that the bearish trend may continue.

USD/JPY Discussion

Good rally on the EURUSD during today's session. The pair breaks above the 1.2400 level, but it has not confirmed the breakout above that level yet. Its next resistance could be the 1.2500 level and its closest support is at the 1.2300 level.

EURUSD only

The 1.2920 may continue acting as a resistance on the USDCAD, but even if it continues higher, the 1.3000 level may act as a better resistance.

USD/CAD

The GBPUSD has found a good support around the 1.3900 level and a good resistance around the 1.4100 level. The GBPUSD is really in a congestion area between the 1.3782 level and the 1.4300 level.

Cable Update (GBPUSD)

The EURJPY has broken below its 200 day EMA around the 131.63 level but the pair goes back up to that same level. From here the EURJPY may try to bounce back up towards the 133.00 level or it may drop further to the 129.84 level.

EUR/JPY

The EURUSD has broken above the 1.2300 level where the 200 month EMA is sitting, but it could find a good resistance at the 1.2400 level or the 1.2500 level. To the downside, the 1.2200 level may act as support.

EURUSD

Very good pullback on the EURUSD, the pair has come near the 1.2200 level, but a better support could be the 1.2100 level. The 1.2500 level is still its most relevant resistance.

EURUSD

The GBPUSD is in a relatively wide range between the 1.4000 level and the 1.4300, but it is consolidating around the 1.4100 level.

Cable Update (GBPUSD)

The EURJPY goes back up to the 135.16 level and it may try to visit its latest high around the 136.64 level.

EUR/JPY

The EURUSD has been losing ground lately, but it could be just a pullback to go back up. For now the pair may try to visit the 1.1900 level which could act as support.

EURUSD only

Looks like a hanging man candle on the daily chart of the EURUSD. The bulls have taken control of the market towards the end of the session and bring the price closer to the 1.1900 level, but the zone may act as resistance.

EURUSD

The USDJPY breaks above the 113.00 level and it seems like it wants to continue rallying to the 114.00 level, which could act as resistance. To the downside, the most relevant support is at the 200 day EMA on the 111.92 level.

USD/JPY Discussion

The EURUSD keeps its bullish trend and it may continue higher, maybe reaching the 1.2000 level, but in order for the bullish trend to continue in the midterm, the price must break above the 1.2100 level.

EURUSD

The AUDUSD is testing a bearish trendline on the daily chart, around the 0.7618 level. If the level holds, the pair may go back down to the 0.7531. Its next resistance could be the 0.7700 level.

AUD/USD