Stochastic and CCI are oversold on hourly chart, but correction has occurred to the support area at 1.55450. For short-term trading, you are still able to look for long position, but you should wait for bullish signal confirmation at 1.55450-1.55740, with rebound target at 1.55910-1.56190.

GBP/USD

ANALISA

Stochastic and CCI are oversold on hourly chart, but correction has occurred to the support area at 1.55450. For short-term trading, you are still able to look for long position, but you should wait for bullish signal confirmation at 1.55450-1.55740, with rebound target at 1.55910-1.56190.
Note that the price is testing the support at 1.55450 and has fallen to below 20 MA and 50 MA on hourly chart. Therefore, be careful if the price make significant move to below the support. In that case, sterling may fall to 1.55280-1.55000.

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EUR/USD

ANALISA

EUR/USD remains in bearish bias, testing the area 1.20474. That level becomes temporary key support. If it breaks, euro may keep falling to 1.20146-1.19779. As alternative strategy, watch also the resistance area at 1.21005-1.21332 in order to look for bearish signal to go short, with target at 1.20802-1.20474. Be careful if the resistance at 1.21332 breaks because it will turn the intraday bias to bullish and possibly will raise euro up to 1.21535-1.21863.


USD/CHF

ANALISA
USD/CHF movement on hourly chart looks like stuck on resistance area at 0.9990. Today’s preference for USD/CHF is bullish. If the resistance at 0.9990 is broken, then it will open the chance for a bullish move up to 1.0020 – 10038. Stochastic and CCI are showing overbought signal on hourly chart. Be careful if USD/CHF stucks firmly below resistance at 0.9990, because it is likely USD/CHF will move downward toward support at 0.9943 – 0.9914. In that case, the bullish scenario mentioned above may fail as intraday strategy.


USD/JPY

ANALISA

USD/JPY is in neutral bias. The price is ready to test the resistance area at 120.72. Note that the price is moving above 20 Ma and 50 MA on hourly chart. Correction may occur to the support area at 120.01 -119.56. However, keep in mind that the intraday bias is neutral and the scenario may change if the resistance breaks. In that case, USD/JPY may run to 121.17 – 121.44.

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AUD/USD

ANALISA

AUD/USD is in bearish bias for intraday outlook, as the price falls to below MA 20 and MA 50 on hourly chart. Today’s preference is to look for short position. For that, you should wait for a break below the support at 0.81206. The target is 0.81000-0.80850. As alternative strategy, you can wait for a pull-back move to the resistance area at 0.81564-0.81784 in order to look for bearish signal confirmation to go short with target at 0.81427-0.81206. Be careful if the resistance at 0.81784 breaks because it will turn the intraday bias to bullish and possibly will raise Aussie up to 0.81921-0.82142.