EUR/USD Current price: 1.2598

Consolidation continues in EURUSD, as the spot rate trades above the pivotal 1.2500 figure. However, resistance at 1.2659 38.2% fib continues to suppress any real advances higher in the major pair. Ultimately, the notion places a technical emphasis on lower support levels, specifically on the 1.2400 – given a breach of the aforementioned 1.2500.

Support levels: 1.2585 1.2550 1.2510

Resistance levels: 1.2630 1.2675 1.2710

GBP/USD Current price: 1.5686

GBPUSD has once again formed a bearish doji candlestick, indicative of underlying short sentiment and indecision below 1.5750. A decline at this moment is likely to see subsequent support via the 1.5600, with a close below exposing the 1.5484 June 28th barrier. Any upside surprises will be met with resistance at 1.5800.
Support levels: 1.5660 1.5620 1.5580

Resistance levels: 1.5715 1.5735 1.5770

USD/JPY Current price: 79.80

Remaining below the 80 handle resistance, USDJPY continues to exude a bearish tone. Failure to overtake the round figure barrier will spark declines to support barriers circa the psychological 79.00 and 78.50 figures. Any upside resistance penetration will automatically set the 80.50 figure in play.

Support levels: 79.45 79.20 78.80

Resistance levels: 79.80 80.10 80.30

AUD/USD: Current price: 1.0283

Correcting slightly back, the USDCHF remains supported above 0.9484 38.2% fib support. The level should hold for an extension to subsequent resistance barriers at 0.9622 and 0.9649 June 12th session high. Any decline in the major currency pair would require violation of downside support at 0.9484.

Support levels: 1.0250 1.0220 1.0180

Resistance levels: 1.0290 1.0315 1.0360

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