EUR/USD is moving in an up channel on hourly chart. Today's preference is bullish. The strategy is to wait for bullish signal confirmation around the lower channel area, as signal to go long with target at 1.2531. But be careful if breakout occurs below the channel area and support at 1.2485.

AUD/USD

AUD/USD is halted at the resistance area at 0.8600. Hourly stochastic and CCI are oversold. In general, today’s preference remains bearish. The strategy is to wait for bearish signal confirmation before the resistance breaks, in order to go short with target at 0.8536-0.8479.

Note that the price is moving above 20 MA and 50 MA on hourly chart. Be careful if this condition is followed by a breakout above 0.8600 because it will turn intraday bias into bullish and potentially will raise Aussie up to 0.8665-0.8722.

AUDUSD

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EUR/USD

EUR/USD is moving in an up channel on hourly chart. Today’s preference is bullish. The strategy is to wait for bullish signal confirmation around the lower channel area, as signal to go long with target at 1.2531.

Be careful if a breakout occurs below the channel area and support at 1.2485 because it will turn intraday bias into bearish and potentially will push euro down to 1.2444-1.2401.

EURUSD

GBP/USD

GBP/USD is testing the resistance at 1.5805. Today’s preference is bullish. There are at least two alternative as long strategy for today. The first strategy is to wait for a valid breakout confirmation to above the resistance, with target at 1.5835-1.5868.

The alternative strategy is to wait for correction to the support area at1.5742. If correction occurs to that area, you could look for bullish signal confirmation as signal to go long with target at 1.5775-1.5805.

Be careful if a breakout occurs below the support at 1.5742 because it will turn intraday bias into bearish and potentially will push sterling down to 1.5709-1.5679.

GBPUSD

USD/JPY

USD/JPY is testing the support at 117.26. Today’s preference is bearish. There are at least two alternative as short strategy for today. The first strategy is to wait for a valid breakout confirmation to below the support, with target at 116.95-116.61. The alternative strategy is to wait for pull-back move within the resistance area at 117.76-118.07. If pull-back move occurs to that area, you could look for bearish signal confirmation as signal to go short with target at 117.57-117.26.

Be careful if a breakout occurs above the resistance at 118.07 because it will turn intraday bias into bullish and potentially will push USD/JPY up to 118.26-118.57.

USDJPY

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USD/CHF

USD/CHF is moving in a down channel on hourly chart. Today’s preference is bearish. The strategy is to wait for bearish signal confirmation around the upper channel area, as signal to go short with target at 0.9594.

Be careful if a breakout occurs to above the channel area and resistance at 0.9635 because it will turn intraday bias into bullish and potentially will raise USD/CHF up to 0.9665-0.9697.

USDCHF