Hello traders, There we can see few setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD :
EUR/USD: Can become bearish against resistance in the 1.1215 area and look for a move below initial downside targets near 1.0915 to open the 1.0815 range lows. Our greater targets are towards the 1.0460 year-to-date lows. USD/JPY: The move above nearby resistance in the 123.75 area encourages our bullish view towards initial targets near 124.40 and then higher towards the 125.85 highs. GBP/USD: Tuesday’s up-day trumped Monday’s topping candle and endorsed our bullish view. The break above our initial targets near 1.5650 confirms upside towards 1.5800 ahead of the 1.5930 highs. AUD/USD: Can see some bearish moves and look for a move lower through initial downside targets near the 0.7335 range lows. Beyond there we are looking towards the 0.7100 area.
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