EURUSD Daily Analysis EURUSD (1.136): EURUSD is trading within a range from Monday’s price action, and the inside bar could trigger a near term directional bias set in. To the upside, a breakout above Monday’s high at 1.1392 could trigger further upside towards the next main resistance at 1.147 while to the downside, a breakout below 1.1325 could see EURUSD slide towards 1.130 immediate support followed by 1.120. The Stochastics on the 4-hour chart is currently trending lower after reaching the overbought levels and could signal a near term correction to the downside. USDJPY Daily Analysis USDJPY (107.0): USDJPY is seen trending lower earlier today after prices failed to break above 108.0 minor resistance. However, the daily chart shows the Stochastics pointing to a bullish divergence which could see a potential break to the upside. Failure to close above 108 could see USDJPY fall back towards 2nd May lows of 106.14. On the 4-hour chart, 107.36 will be the first hurdle that needs to be cleared in order for USDJPY to eventually move towards 108. GBPUSD Daily Analysis GBPUSD (1.455): GBPUSD closed bullish yesterday after prices established support at 1.44250. Further upside is expected only on a conclusive break above 1.4635 followed by 1.4743. On the 4-hour chart, the price action volatility is clearly seen with GBPUSD trading within the larger range below 1.4647 and above 1.4358. Gold Daily Analysis XAUUSD (1247): Gold prices are looking to push higher follow two consecutive days of trading flat. The 1250 handle will be likely holding price rallies to the upside, but the hidden bearish divergence on the 4-hour chart signals a potential correction to 1230 – 1225 levels. In the near term, gold could remain range bound, but the further upside is expected only on a conclusive close above the 1250 handle if prices fail to pullback to establish support at 1230 – 1225. John Benjamin John Benjamin John is a market analyst for Orbex Ltd. and is a forex and equities trader having been involved in trading since late 2009. John makes use of a mix of technical and fundamental analysis and inter-market relationships. The analysis present here is a mix of intra-day analysis while considering the long term outlook of the markets as well. For any comments or questions, John can be reached at [email protected] View All Post By John Benjamin Daily Look share Read Next Elliott Wave: Crude oIL could be in for more gains Gregor Horvat 6 years EURUSD Daily Analysis EURUSD (1.136): EURUSD is trading within a range from Monday's price action, and the inside bar could trigger a near term directional bias set in. To the upside, a breakout above Monday's high at 1.1392 could trigger further upside towards the next main resistance at 1.147 while to the downside, a breakout below 1.1325 could see EURUSD slide towards 1.130 immediate support followed by 1.120. The Stochastics on the 4-hour chart is currently trending lower after reaching the overbought levels and could signal a near term correction to the downside. USDJPY Daily Analysis USDJPY (107.0): USDJPY… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.