GBP/USD: Boosted by the Dark-cloud cover last session

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EUR/USD

Flat within a narrow range as probes below the 1.1100 level see the downside checked at 1.1072 low. Nearby see strong support at 1.1058 then the 200-day MA at 1.1042. Higher low sought for rally to retest the 1.1200 level then 1.1218 high. [PL]

EUR/CHF

Coiled within a narrow range following setback from the 1.1023 high of last week though the downside still limited with support at 1.0935. Would take break to expose 1.0893 low to retest. Higher low sought for retest of 1.1023 later and extend the 2-wk up-leg from the 1.0810 low. Break shift focus to 1.1061 and 1.1100 level. [PL]

USD/CHF

Staging recovery from the .9796 low which also marks the 200-day MA. However, the upside still limited and see lift over the .9900 level needed to swing focus higher to retest parity level then the 1.0093 high. Only below .9796 low expose .9762 support then the .9661 YTD low. [PL]

GBP/USD

Sharp reversal from 1.4437 high ,enforced by the negative stance seen on daily RSI/Stochastic are keeping pressure towards the 1.4118 support and break will unlease another round of stronger selling with strong support at 1.3836 targeted. [W.T]

USD/JPY

Bounce from the 112.61 support to regain the 113.00 level keep the past 2-wk ranging action in play within the 114.56/112.16 area. Would take break of the 112.00 level to see return to the 111.00 level and see risk for bear extension. Need lift above the 114.00 level to expose 114.56 and 114.87 highs to retest. [PL]

EUR/GBP

Strength to regain the .7800 level and rally to clear the .7848 high of last week see bulls reasserting and return focus to the Feb highs at .7898 and .7929. Beyond this will see further recovery to the .8000 level then .8050, the 10-mth bottom objective of 2015. Support now at .7790 and .7736. [PL]

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