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EUR/USD Daily

Push above the 1.0900 level saw the upside checked at the 1.0940/46 and keep resistance at 1.0970/93 out of reach. More ranging action seen while the caps and break needed to see strength back to retest 1.1060 high. Support is at the 1.0800 level and break needed to return focus to 1.0711 low. [PL]

EURUSD


USD/CHF Daily

Backed off from probes above the 1.0100 level though the downside see still limited and hold above parity level keep focus on the upside for retest of 1.0100 then 1.0125 high. Break below parity level will return focus to the downside to .9966 then the .9881 low. [PL]

USDCHF


USD/JPY Daily

Bounce from the 117.29 low to regain the 118.00 level eye return to the 118.38 high and where clearance will trigger stronger recovery to 118.83 and 119.70 to retrace the recent steep down-leg from 123.56 high. Support now at the 118.00 level and the 117.29/22 area. [PL]

USDJPY


EUR/CHF Daily

Rally checked at the 1.0983 resistance and rejection there keep the 1.1000 level out of reach. Setback see support now at the 1.0900 level and see break here needed to weaken and see deeper pullback to 1.0855/27 area. Hold above the 1.0900 level see scope for retest of 1.0983 high. [PL]

EURCHF


GBP/USD Daily

Pressure stays on the downside and see scope for retest of the 1.4352 low and where break will see potential to 1.4260 then the 1.4228, 2010 low. Resistance now at the 1.4476/94 area and 1.4534 and see lift over these needed to trigger stronger recovery to retrace steep drop from the Dec high. [PL]

GBPUSD


EUR/GBP Daily

Rejection from fresh high at .7607 see long upper wick on the daily chart weighing and threatens pullback to correct strong up-leg from the .7313 low. Would take setback below the .7500 level to trigger deeper pullback to the .7424/00 area. Clearing the .7607 high will see further extension to target .7654, a 38.2% retracement level. [PL]

EURGBP

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