EUR/USD
Extended gains through 1.4250 to reach 1.4280 so far, ahead of correction. Near-term studies remain supportive for fresh attempt higher, and through 1.4280 to target 1.4373 Fibonacci level. Downside, 1.4160/00 underpin the advance, while 1.3990 remains key support.
Res: 1.4248, 1.4280, 1.4295, 1.4373
Sup: 1.4160, 1.4101, 1.4057, 1.3990
GBP/USD
The latest rally tested 1.63 zone, just under key trendline resistance at 1.6313. Positive near-term studies and recent break through 1.6105, keep the focus higher. Clearance of 1.6313 to open 1.6459, 2010 high, posted 19 Jan. 1.6137/1.6088 zone is expected to hold dips, while break lower would delay bulls.
Res: 1.6297, 1.6313, 1.6395, 1.6459
Sup: 1.3137, 1.3088, 1.6031, 1.6007
USD/JPY
Maintains negative tone as recovery attempts from 80.24 low failed at 81.59. The latter is expected to cap for now, with immediate risk is seen for break through 80.57, yesterday’s higher platform to target 80.24, and below here to open 79.75 historical low.
Res: 80.98, 81.21, 81.59, 81.79
Sup: 80.57, 80.45, 80.24, 80.00
USD/CHF
Breaks below 0.9700 and 0.9656, previous higher platform/61.8% reversal, confirms the end of recovery phase off 0.9461 and resumes the underlying bear-trend. Market has for reached 0.9552, just ahead of 0.9539, 18 Oct low, break of which would open way for final push to retest key near-term support at 0.9461. Upside, 0.9693/0.9734 expected to cap.
Res: 0.9661, 0.9693, 0.9734, 0.9768
Sup: 0.9552, 0.9539, 0.9461, 0.9400
Extended gains through 1.4250 to reach 1.4280 so far, ahead of correction. Near-term studies remain supportive for fresh attempt higher, and through 1.4280 to target 1.4373 Fibonacci level. Downside, 1.4160/00 underpin the advance, while 1.3990 remains key support.
Res: 1.4248, 1.4280, 1.4295, 1.4373
Sup: 1.4160, 1.4101, 1.4057, 1.3990
GBP/USD
The latest rally tested 1.63 zone, just under key trendline resistance at 1.6313. Positive near-term studies and recent break through 1.6105, keep the focus higher. Clearance of 1.6313 to open 1.6459, 2010 high, posted 19 Jan. 1.6137/1.6088 zone is expected to hold dips, while break lower would delay bulls.
Res: 1.6297, 1.6313, 1.6395, 1.6459
Sup: 1.3137, 1.3088, 1.6031, 1.6007
USD/JPY
Maintains negative tone as recovery attempts from 80.24 low failed at 81.59. The latter is expected to cap for now, with immediate risk is seen for break through 80.57, yesterday’s higher platform to target 80.24, and below here to open 79.75 historical low.
Res: 80.98, 81.21, 81.59, 81.79
Sup: 80.57, 80.45, 80.24, 80.00
USD/CHF
Breaks below 0.9700 and 0.9656, previous higher platform/61.8% reversal, confirms the end of recovery phase off 0.9461 and resumes the underlying bear-trend. Market has for reached 0.9552, just ahead of 0.9539, 18 Oct low, break of which would open way for final push to retest key near-term support at 0.9461. Upside, 0.9693/0.9734 expected to cap.
Res: 0.9661, 0.9693, 0.9734, 0.9768
Sup: 0.9552, 0.9539, 0.9461, 0.9400