GBPUSD intra-day analysis GBPUSD (1.2509): GBPUSD pulled back towards 1.2434 yesterday before reversing the losses. However, price action looks to be struggling near 1.2545 which indicates that GBPUSD could potentially slide back towards 1.2412 where support is likely to be established more firmly. Validating this view is the bearish divergence we see on the 4-hour chart for GBPUSD which shows the move back to 1.2412. This support level was previously seen as a resistance level of the inverse head and shoulders pattern. Therefore a retest back to 1.2412 will validate the longer-term corrective move towards 1.2670. EURUSD intra-day analysis EURUSD (1.0722): EURUSD was bearish yesterday after the previous rally saw prices run up to 1.0765 resistance level. A bearish follow through today below 1.0700 could signal further downside towards 1.0600 as the minimum target. On the 4-hour chart, watch for 1.0700 to hold out as support on the first time price falls to this level. A lower high following a minor bounce of 1.0700 will signal the confirmation of an impending move to the downside towards 1.0600. USDCHF daily analysis USDCHF (1.0018): USDCHF is looking to retrace some of the declines posted since late December after the price fell to 0.9960 marking a two-month low. The current retracement could see USDCHF retest the breakout level between 1.0180 – 1.0095 from the rising median line. A retest back to this level could mark a new leg in the declines which will see USDCHF test the familiar support at the round number 1.0000 followed by a decline to 0.97335. 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 Analysis: SILVER and S&P500 Gregor Horvat 6 years GBPUSD intra-day analysis GBPUSD (1.2509): GBPUSD pulled back towards 1.2434 yesterday before reversing the losses. However, price action looks to be struggling near 1.2545 which indicates that GBPUSD could potentially slide back towards 1.2412 where support is likely to be established more firmly. Validating this view is the bearish divergence we see on the 4-hour chart for GBPUSD which shows the move back to 1.2412. This support level was previously seen as a resistance level of the inverse head and shoulders pattern. Therefore a retest back to 1.2412 will validate the longer-term corrective move towards 1.2670. EURUSD intra-day analysis… 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.