EURUSD Outlook
The EURUSD failed to maintain it’s bullish correctional momentum on Friday. The pair bottomed at 1.4757 and closed at 1.4792 and the bullish channel on hourly and 4h chart was violated to the downside. The pair continued it’s bearish momentum early today in Asian market, traded around 1.4735 at the time I wrote this comment. My model goes mixed with downside bias. Immediate support is seen at 1.4675. Initial resistance at 1.4795. CCI heading down towards -100 line on 4h chart.
EURUSD Daily Supports and Resistances:
- S1= 1.4733
- S2= 1.4674
- S3= 1.4591
- R1= 1.4875
- R2= 1.4958
- R3= 1.5017
GBPUSD Outlook
The Sterling slumped against Greenback on Friday. GBPUSD failed to continue the upside correctional move and violated the bullish channel on hourly and 4h chart. The pair bottomed at 1.8504 and closed at 1.8529. Early today in Asian market the pair is traded around 1.8440 at the time I wrote this comment. My model is mixed with downside bias. Immediate support is seen at 1.8380. Initial resistance at 1.8520. CCI about to cross -100 line down on daily chart suggesting a potential bearish view.
GBPUSD Daily Supports and Resistances:
- S1= 1.8428
- S2= 1.8328
- S3= 1.8152
- R1= 1.8704
- R2= 1.8880
- R3= 1.8980
USDJPY Outlook
The USDJPY back to it’s bullish trend on Friday. The pair topped at 110.14 and closed at 110.07. My model goes mixed with upside bias. Immediate support is seen at 109.80 followed by 109.50. Initial resistance at 110.66. CCI heading up towards 100 line on daily chart.
USDJPY Daily Supports and Resistances:
- S1= 108.94
- S2= 107.82
- S3= 107.22
- R1= 110.66
- R2= 111.26
- R3= 112.38
USDCHF Outlook
The Swiss Franc slumped against Greenback on Friday. The pair topped at 1.0997 and closed at 1.0984. My model goes mixed with upside bias. Immediate support is seen at 1.0930. Initial resistance at 1.1040 followed by 1.1105. CCI in neutral area on daily chart.
USDCHF Daily Supports and Resistances:
- S1= 1.0898
- S2= 1.0812
- S3= 1.0763
- R1= 1.1033
- R2= 1.1082
- R3= 1.1168
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