GBPUSD pair fails to break the resistance at 1.2815, investors slams the pair back into consolidating zone
GBPUSD is currently closing to the 1st support at 1.2707, the June 13 mid open/close price, if it breaks through, the further support will be on 1.2636, the June 9 low and the last support is on 1.2625-15, the 100 direct moving average and also the March 27 high. The first resistance is on 1.2815-18, the 200 hour moving average and June 14 high, whereas the second is on 1.2846-53, the 2nd and 3rd June lows are also 61.8% Fibonacci. If the price breaks through the 2nd resistance, it might form a bullish trend since it will be trading above 2 moving averages and challenge the 3rd resistance, 1.2876, the 21-DMA
AUDUSD bullish on the heels of economic data, eyes on first resistance 0.7636, June 14 high
AUDUSD is currently trading at 0.76032, a short fall after today’s high. If the price successfully breaks out of the first resistance 0.7636, the June high, the bullish trend might persist to the second resistance 0.7651, which is 76% Fibonacci of the March-May slump, and the last resistance lies at 0.7680, the March 30 high. The chart’s first support is on 0.7566, the June high, whereas the 2nd support is on 0.7527-20, the DMA June 9 low. However, if the price falls below the 3rd support, 0.75, which is the June 7 low, it might signify a huge selling pressure as the price will be trading under 2 moving averages. (Yellow = 50 day moving average, Green = 100 day moving average)
