Market analysis from IC Markets

ICmarkets Broker

EURUSD is approaching its 1.1208 where it could potentially bounce to its resistance at 1.1273.

ICmarkets Broker

USDJPY is approaching its resistance at 109.02 where it is could reverse down to its support at 108.00.

ICmarkets Broker

AUDUSD is approaching its resistance at 0.6989 where it is could reverse down to its support at 0.6863.

ICmarkets Broker

GBPJPY is testing its support where it could potentially bounce up to its resistance.

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Price is testing its 1st support. We remain bearish and if its 1st support is broken, it could drop down to its 2nd support.

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We see price rising to its 1st resistance before reversing.

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Price could make a further push down to at least 0.9905 support.

ICmarkets Broker

EURJPY is approaching its support at 122.19 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 123.03 (76.4% Fibonacci retracement, horizontal swing high resistance).

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AUDUSD broke out of its major support and ascending resistance line where it could potentially fall further to its support at 0.6923 ( 61.8% & 76.4% Fibonacci retracement). Ichimoku cloud shows signs of bearish pressure.

ICmarkets Broker

GBPJPY is approaching its support at 137.47 (61.8% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 138.10 (50% Fibonacci retracement, horizontal swing high resistance).

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NZDUSD is approaching its support at 0.6558 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.6587 (23.6% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.07% where a corresponding bounce could occur.

ICmarkets Broker

AUDUSD is approaching its support at 0.6951 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6989 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.5% where a corresponding bounce could occur.

ICmarkets Broker

NZDUSD broke out of its major support at where it could potentially fall further to its support at 0.6558 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support). Ichimoku cloud shows signs of bearish pressure.

ICmarkets Broker

GBPJPY is approaching its resistance at 138.53 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 137.05 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected.

ICmarkets Broker

AUDNZD is testing its resistance at 1.0552 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 1.0520 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

ICmarkets Broker

USDJPY is approaching its resistance at 109.02 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 108.00 (Horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

ICmarkets Broker

AUDUSD is approaching its support at 0.6964 (100% Fibonacci extension , 38.2% & 50% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 0.7018 (76.4% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 3.5% where a corresponding bounce could occur.

ICmarkets Broker

USDCAD is testing its support at 1.3257 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.3362 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.