GBP/USD remains under pressure. Bearish signals are confirmed on hourly stochastic and CCI, increases expectation that sterling will move lower towards support area at 1.5994. However, you'd better prepare for possible pull-back move.

AUD/USD

AUD/USD begins to move in bearish bias. A pull-back move has occurred in the Fibonacci resistance area at 0.8751-0.8772. Hourly stochastic and CCI are overbought. Therefore, today’s preference is bearish with target at 0.8739-0.8718.

However, be careful if the resistance at 0.8772 breaks, because it will turn the intraday bias into bullish and potentially will raise AUD/USD up to 0.8784-0.8805.

AUDUSD

EUR/USD

EUR/USD in general remains in bearish bias. Today, the price likely will fall to the support area at 1.2613. The bearish pressure may be heavier if the support breaks and may push euro lower to 1.2583-1.2550.

Keep watching the resistance area t 1.2676 (50% Fibonacci) because if it breaks then our bearish scenario will fail; a break above that resistance could push euro up to 1.2709-1.2739.

EURUSD

GBP/USD

GBP/USD also remains under pressure. Bearish signals are confirmed on hourly stochastic and CCI, increases expectation that sterling will move lower towards the support area at 1.5994. However, you'd better prepare for possible pull-back move to the resistance area at 1.6046-1.6078, before the price retreats to the support mentioned above.

Be careful if the resistance at 1.6078 breaks instead, because it will turn the intraday bias into bullish and potentially will raise GBP/USD up to 1.6098-1.6130.

GBPUSD

USD/JPY

USD/JPY maintains its bullish bias. The rally might extend if the price breaks above 108.34, with target at 108.64-108.97. Nevertheless, stay alert of possible correction today. As alternative strategy, try to look for bullish signal confirmation if correction occurs within the support area at 107.86-107.57, with rebound target at 108.05-108.34.
 
Be careful if the support at 107.57 breaks, because it will turn the intraday bias to bearish and potentially will push USD/JPY to 107.39-107.09.

USDJPY

USD/CHF

USD/CHF maintains its bullish bias. The rally might extend if the price breaks above 0.9559, with target at 0.9580-0.9602. Nevertheless, stay alert of possible correction today. As alternative strategy, try to look for bullish signal confirmation if correction occurs within the support area at 0.9526-0.9505, with rebound target at 0.9538-0.9559.
 
Be careful if the support at 0.9505 breaks, because it will turn the intraday bias into bearish and potentially will push USD/CHF to 0.9493-0.9472.

USDCHF