EUR/USD Daily
Pressure stays on the upside to extend recovery from the 1.0778 low though the upside still limited. Above the 1.0874 high and then 1.0900 level needed to clear the way for stronger recovery to 1.0940 then Jan range high at 1.0970/85. Support now at 1.0819 and break here needed to expose 1.0778 low to retest. [PL]
USD/CHF Daily
Still stretching choppy recovery from the Dec low at .9786 to reach the 1.0200 level. Would need break of the latter to clear the way for retest of the 1.0240 (Jan 2015) and the 1.0328 high. Support now at 1.0107 and 1.0082 and break needed to swing focus lower towards the .9991 and .9959 support. [PL]
USD/JPY Daily
Rebound from the 117.66 low to regain the 118.00 level keep focus on the upside and see scope for retest of the 118.88 high. Clearance will extend the up-leg from the 115.98 low to 119.70 then strong resistance at the 120.00/35 area. Break of the 117.66/48 support will trigger deeper pullback. [PL]
EUR/CHF Daily
Rally above the 1.1000 level has seen follow-through to take out the 1.1050 Sep high to reach 1.1060 high. Beyond this will see further strength to the 1.1100 level. However, stretched daily tools caution pullback with support starting at 1.0982. Break of the latter will see deeper pullback to the 1.0900 level. [PL]
GBP/USD Daily
Strong reversal from last session's low of 1.4174 with the crack of daily down trendline and positive cut-up seen on daily MACD are keeping intraday trade on a firm undertone and lift above 1.4367 resistance will trigger further gain to 1.4428 then 1.4445. [W.T]
EUR/GBP Daily
Recovery above the .7600 level saw the upside checked at the .7654/70 resistance. Rejection from the .7664 high see pressure returning to the downside and eye return to the .7526 low of last week. Below this will see deeper pullback to the recent Oct/May highs at .7493/83 then .7460, 38.2% retracement of the Nov/Jan up-leg. [PL]
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