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EUR/USD Current price: 1.3843

The Hourly Corrective Downtrend continues as Price bounces of the Hourly 200SMA Dynamic Support @ 1.3806, and subtle Retracement sees the Daily Pivot at 1.3882/Hourly 20SMA Confluence Area.

RSI Slope and Reading @ “39” confirms the Bounce Directionality if It can be Sustained.

A Breach of this Level finds 1.3912 Daily Dynamic Resistance, followed statically by 1.3942 where the previous Downleg from 1.4000 will be largely Negated for a potential Hourly Triple-Top from May 25th.

Failure to Reach and Hold the Daily Pivot/20SMA Confluence Area will see Depreciation to 1.3764 Daily Static Support, followed by 1.3706, and Dynamically by 1.3647 in the Mid-Term.

Support levels: 1.3843 1.3806 1.3764 1.3706 1.3647

Resistance levels: 1.3882 1.3942 1.4002 1.4059

GBP/USD Current price: 1.5946

Bearish Hourly Sentiment as Price remains just shy of the Daily Static Support of 1.5889.

Continuation from the slight Bounce Retracement sees Confluence with the Daily Pivot and Hourly 20SMA @ 1.5987.

A Violation here sees further Appreciation in Negating the prior Corrective Downleg, as Price sees Daily Static Resistance at 1.6019, followed by 1.6052 and the 1.6085 High in positioning an Hourly Double-Top if the Area Holds.

Bullish Sentiment is in favor here if the Area is Breached to the Upside for the 1.6100 Handle in the Near-Term.

Support levels: 1.5938 1.5889 1.5856 1.5823

Resistance levels: 1.5987 1.6019 1.6052 1.6100

USD/JPY Current Price: 96.54

Bullish Momentum continues as Price stages a significant new Upleg from the 95.15 Daily Pivot Area.

RSI Reading and Slope are at “80”, so Over-Extension is evident where a Corrective Retracement in the Immediate-Term from the Daily Static Resistance @ 96.50 should be seen.

Corrective Hourly Sentiment will find the 96.00 Figure, and then Dynamic Resistance-turned-Support @ 95.66 if the Area can Hold.

Continued Violation sees a return to the Congestion Zone of 95.41 and back to the Daily Pivot where Accumulation will continue if the Pivot Holds.

Violation sees 94.82 Static Support, followed by 94.56, and 94.31 which is not favored in the Near-Term as Bearish Sentiment will return with a Retracement this Deep in Nature.

Support levels: 95.41 94.82 94.56 94.31 93.97

Resistance levels: 96.00 96.50 97.03 97.21 97.65

USD/CHF: Current Price: 1.0919

Deeply Bullish Sentiment is followed by Current Accumulation at the 1.0931 Daily Dynamic Resistance.

RSI returns in Slope and Readings to Neutrality as Price holds the Consolidative Area.

Any Corrective Behavior will see the Daily Pivot/20SMA Confluence at 1.0891, followed by 1.0870 Daily Static Support in the Immediate-Term.

Further Retracement of the Upleg will see 1.0870 and 1.0849 where Price arrives back in the Congestion Zone.

This will return Price to Hourly Neutral Sentiment, will in turn will Negate the entire Uptrend.

If Price pulls North out of the current Accumulation, Daily Static Resistance at 1.0972 and 1.0993 will be seen, followed further by Dynamic Resistance at 1.1015 and 1.1095 in the Mid-Term.

Support levels: 1.0891 1.0870 1.0849 1.0821

Resistance levels: 1.0931 1.0972 1.0993 1.1015 1.1054