GBPUSD trades bullishly above the resistance line and above SMA20 at 1.3945 along with stability above 127.2% Fibonacci at 1.3920.
ADX is positive along with increase in bullish momentum on RSI above the value of 50.00, which may bring bullish movements.
A break above 1.4005 is required to affirm the bullish scenario, while coming above SMA50 at 1.4035 will accelerate.
Areas of 1.0000, which meet 38.2% held as a stance and the pair failed to hit this important level as seen on the provided daily graph.
We remain neutral on the USDCHF pair, as technical indicators didn’t give off any reliable signals with RSI showing bearish tendency above the value of 50.00, while ADX couldn’t confirm bullish signal.
The sensitivity of the technical situation forces us to remain neutral between 0.9900 and 1.0000, which meet Fibonacci levels.
USDJPY has soared as anticipated in the U.S. session updates published yesterday where it succeeded in hitting 114.00 levels after clearing 113.25 zones earlier.
Stability above SMA20-green- at 113.25 offers bullish probability, while coming above 114.80 will affirm the bullish attempt on ADX and will assist RSI to clear 50.00 levels.
We remain bullish on USDJPY over intraday basis as far as 113.25 holds.
The weak trading behaviors continue, while 1.0850 support hold, preventing the pair from showing additional bearish actions.
ADX shows increase in bears’ power, while RSI is neutral; thus, we remain neutral, as the pair is close to 78.6% at 1.0850.
Any breakout below 1.0850 will extend the bearishness, supported by coverage from moving averages.