Steadied at 1.1132 low which stands just above the 200-day MA at 1.1121. Break here will see further slide to the 1.1100 level and see risk for further decline to 1.1071 then 1.1046, Aug low. Resistance now at 1.1180 then the 1.1200 level, lift over the latter needed to clear the way for stronger recovery to 1.1245. [PL]
Clear break of the .9800 level see rally reaching .9844 high. Beyond this will clear the way to the .9900 level then .9950/56, Jul/May highs. Divergence on intraday tools see the latter keeping out of reach for now and caution pullback to the .9793/62 area. Failure to hold the latter will see room for deeper correction. [PL]
USD/JPY
Pressure stays on the upside to reach 103.23 high so far and nearby see strong resistance coming into play at the 103.40/55 area then the 104.00 level. The downside seen well protected with support now at 102.39 and 101.76. Only break of the latter will weaken and trigger deeper pullback. [PL]
EUR/CHF
Still stretching up-leg from the 1.0827 low and higher see scope to target 1.0986 then the 1.1000 level. Divergence on intraday tools caution pullback with the 200-day MA at 1.0925 then the 1.0900 level to watch. Would take break to trigger deeper pullback to 1.0869 support. [PL]
GBP/USD
Intraday trade tight in consolidation within the broader 2-month triangle and slippage below 1.3060 support will expose setback to 1.3024 ahead of the stronger support line of this formation at 1.2895, where break will be a bigger boost on the downside. [W.T]
EUR/GBP
Pressure returning to the downside from the .8567 high and see the .8500 level and .8485 low now at risk. Break of the latter will see resumption of the decline from .8725 high and see scope to the .8420/00 area then .8344, Aug low. Upside seen limited and only above the .8580/91 resistance will revive upside focus. [PL]
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