EUR/USD
Yesterday’s upside rejection at 1.3520 has opened fresh phase lower with today’s clearance of 1.3416 and 1.3397/66 supports, now looking for test of 1.3340, then a key trendline support at 1.3300. Upside remains capped by 1.3444/48 for now.
Res: 1.3448, 1.3501, 1.3520, 1.3544
Sup: 1.3340, 1.3300, 1.3280, 1.3265
GBP/USD
Daily structure may have seen the completion of a three legged correction off 1.4780, 2010 low, posted on 01 Mar. Further resistance to strength may be provided by 1.5463, daily trendline resistance, drawn off 1.6456, 19 Jan yearly high, ahead of 1.5520 15 Apr peak.
Res: 1.5448, 1.5472, 1.5520, 1.5535
Sup: 1.5330, 1.5287, 1.5256, 1.5190
USD/JPY
Correction off 94.77, 05 Apr high, dipped to 91.58, ahead of strong bounce. Clearance of 93.10/18, previous peak/trendline resistance, now focuses 93.51/77, possibly 94.25 on a break. 92.50 area supports the advance for now.
Res: 93.39, 93.51, 93.77, 94.25
Sup: 92.95, 92.56, 92.10, 91.58
USD/CHF
Remains constructive off 1.0500, 14 Apr low, with yesterday's higher rejection at 1.0600 now underpinning a fresh attempt at 1.0750/61. Clearance here projects significant near-term gains. Loss of 1.0620/00, however, weakens the outlook.
Res: 1.0723, 1.0750, 1.0761, 1.0784
Sup: 1.0658, 1.0620, 1.0600, 1.0586
Yesterday’s upside rejection at 1.3520 has opened fresh phase lower with today’s clearance of 1.3416 and 1.3397/66 supports, now looking for test of 1.3340, then a key trendline support at 1.3300. Upside remains capped by 1.3444/48 for now.
Res: 1.3448, 1.3501, 1.3520, 1.3544
Sup: 1.3340, 1.3300, 1.3280, 1.3265
GBP/USD
Daily structure may have seen the completion of a three legged correction off 1.4780, 2010 low, posted on 01 Mar. Further resistance to strength may be provided by 1.5463, daily trendline resistance, drawn off 1.6456, 19 Jan yearly high, ahead of 1.5520 15 Apr peak.
Res: 1.5448, 1.5472, 1.5520, 1.5535
Sup: 1.5330, 1.5287, 1.5256, 1.5190
USD/JPY
Correction off 94.77, 05 Apr high, dipped to 91.58, ahead of strong bounce. Clearance of 93.10/18, previous peak/trendline resistance, now focuses 93.51/77, possibly 94.25 on a break. 92.50 area supports the advance for now.
Res: 93.39, 93.51, 93.77, 94.25
Sup: 92.95, 92.56, 92.10, 91.58
USD/CHF
Remains constructive off 1.0500, 14 Apr low, with yesterday's higher rejection at 1.0600 now underpinning a fresh attempt at 1.0750/61. Clearance here projects significant near-term gains. Loss of 1.0620/00, however, weakens the outlook.
Res: 1.0723, 1.0750, 1.0761, 1.0784
Sup: 1.0658, 1.0620, 1.0600, 1.0586