EUR/USD has so far found resistance at 1.1460 (downtrend) and hence a correction to 1.1294 may ensue. That said, the MACD has now found support around the zero line and we are likely to see a break past the recent highs towards 1.1530-1.1611. Below 1.1294 will delay upside instead will open 1.1167-1.1207 (former support/midpoint of recent dip). Below 1.1167 will be needed to avert upside.
EURUSD Daily Chart (6-month)
GBPUSD Daily Chart (6-month)
GBPUSD MACD is moving up from the oversold levels but is still primarily bearish. Key resistance at 1.3047 has so far held firm and hence chances are of a dip to 1.2773-1.2815 area where a break will open 1.2591-1.2641 test. Above 1.3047 to open 1.3119-1.3276 area
USDJPY Daily Chart (6-month)
USDJPY is moving in a sideways range within a multi-month triangle and we are approaching the top of the triangle at 113.40. While within a dip to 111.61-112.17 may ensue. That said, MACD has now moved into the positive territory and we look for a further upside to 116.20, the multi-year downtrend. Below 110.79 averts.
AUDUSD Daily chart (6-month)
AUD/USD MACD on a weekly chart has moved into the positive territory and there is plenty of support around the .7475-.7520 area. Hence we expect dips to be short lived with .7716 likely to be tested over the coming days above there next target area is .7749-.7831 (2017 / 2016 highs)
EURGBP Daily Chart (6-month)
EURGBP looks fairly bullish and hence we see a further upside to .9025 on a break of .8864. Failure to break .8864 can lead to a short-term dip but while above .8720 (area of strong support) chances are for the current rally to extend. Below .8720 to open a deeper dip to .8602.