EUR/USD Daily
Edged off the 1.1106 low but downside still not firm and break of the 1.1100 level will expose strong support at the 1.1087/60 area and 1.0985. Recent drop from the 1.1376 high seen corrective and higher low sought for renewed strength later. Need lift over the 1.1200/14 area to ease downside pressure. [PL]
EUR/CHF Daily
Break above 1.1043 see mkt stretching recovery from the 1.0950 low to reach 1.1061 high and see scope to the 1.1100 level. However, this is seen corrective and lower high sought for setback later with support now at the 1.1000 level and where break will return focus to the 1.0950/40 area. [PL]
USD/CHF Daily
Settling back from the .9942 high but upside stays in focus and further recovery not ruled out. Higher will see further retracement of the drop from the 1.0257 high to target .9960 then .9985 resistance. Below the .9900 level see support now at .9847 then the .9791/62 recent highs. Break will return focus to the downside. [PL]
GBP/USD Daily
With decline stalled by the 1.4229 minor support last session, intraday trade drifted into consolidatiobn and lift above 1.4352 resistance will help garner upside momentum. On the downside, break below 1.4229 support will signal more downside potential to 1.4150. [W.T]
USD/JPY Daily
Steady in range around the 114.00 level as mkt remains locked within the 113.00/115.00 range. Upside see break of 114.87 high needed to trigger stronger recovery to 115.85 then the 116.00 level/broken neckline support. The latter expected to cap and lower high sought for setback later to pressure the 113.20/00 support. [PL]
EUR/GBP Daily
Rejection from the .7845 high see a long upper wick weighing and keep the .7898 high of last week out of reach for now. However, the upside stays in focus while above the .7696 low. Only setback to break the latter and the .7666/61 support will weaken and swing focus lower. Above the .7800 level will expose .7845 and .7898 highs to retest. [PL]
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