EURUSD -- 1.0675
The first target of the 50 ema for a stronger Euro was reached yesterday. In this respect it is not surprising that the resistance initially held up. Bulls are watching the support/resistance zone around 1.0636 carefully. Prices below indicate the rally is already over. If the Euro can make it above the 50 ema (1.0739), a major recovery is on the table.
GBPUSD -- 1.2513
Since the low of 1.2156 (13may21), Sterling has gained as much as 450 pips to around 1.2600 on Monday. In this regard, a small backlash is normal. It just shouldn't go much lower. The mid Bollinger band (1.2421) should work as solid support for now. Next targets for longs are 1.2600 again and the 50 ema (1.2733).
USDJPY -- 127.01
// A quite convincing Dollar short delivers USDJPY for now (Morning Call #78 ,13may21)
That idea worked well and my final target for the countermovement has not been reached yet. I am still convinced that the currency pair will hit the 50 ema ( 125.94) before it can rise again. Nonetheless, the Yen rally may not be over there. Going all in long at 126 is therefore probably not a good idea without a suitable stop.
AUDUSD -- 0.7081
Aussie is trading above the mid Bollinger band (0.7035) and above that level I keep my bullish stance for now. Below this support, the 0.7000 starts acting like a magnet again. Bulls need a daily close above the 0.7119/27 resistance. As a so-called high beta currency, the Aussie is dependent on risk sentiment. If stocks recover, at least temporarily, it should help the Aussie as well.
Good luck
Sebbo