EURUSD
Near-term bears pause above fresh low at 1.1060, with consolidation being a main theme. Neutral hourly tone and price action moving between daily Kijun-sen and 20SMA, suggest prolonged consolidative phase, as daily 20d Bollingers contract. Pre-weekend profit-taking would trigger acceleration higher, with break above daily 20SMA at 1.1196, to signal correction and open immediate barrier at 1.1215, Fibonacci 38.2% of 1.1465/1.1060 downleg, ahead of 1.1254, 4-hour Ichimoku cloud base and pivotal 1.1300 zone, Fibonacci 61.8%. On the downside, loss of 1.1160 near-tern base, to open psychological 1.1000 support, also near 50% of larger 1.0519/1.1465 rally.
Res: 1.1151; 1.1180; 1.1196; 1.1254
Sup: 1.1099; 1.1060; 1.1000; 1.0970
GBPUSD
The pair accelerated higher yesterday, leaving a higher low at 1.5445 and closing above pivotal 200SMA. Fresh bulls peaked just under 1.57 barrier, where 4-hour Ichimoku cloud top caps near-term consolidation. Positive near-term technicals favor fresh extension higher, with bullish setup of daily studies and expanding 20d Bollinger bands, supporting scenario. Final break above 1.57 barrier, to re-expose fresh recovery peak at 1.5813. Rising daily 10SMA contains for now session
Linear Mode
