Peter Possing Andersen
Danske Bank A/S
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EUR/USD
EUR/CHF
USD/CHF
GBP/USD
USD/JPY
EUR/GBP
EUR/USD
Pressure stays on the downside from the 1.1342 high and break of the 1.1218/00 area see risk for deeper correction. Lower will see scope to the 1.1125 support then the 1.1058/42 area. Upside seen limited with resistance now at 1.1260 and the 1.1300 level. [PL]
EUR/CHF
Break of the 1.0893 support saw the downside checked at 1.0879/75 area and rebound to regain the 1.0900 level sets up scope for stronger recovery to the 1.0944 and 1.0996 high. Would need lift over the latter to clear the way for stronger recovery to the 1.1023 and 1.1061 highs. [PL]
USD/CHF
Edging higher from the .9651 low to consolidate sharp drop last week from the .9914 high of last week. However, upside still limited with resistance now at .9750 then the 200-day MA at .9807. Lower high sought to further pressure the downside later for retest of the .9661/51 lows. [PL]
GBP/USD
Intraday trade stays subdued, spurred by the sharp decline last session below 1.4222 support and shifting focus lower and eyeing deeper and stronger support at 1.4053 and break will expose further damage on the downside . [W.T]
USD/JPY
Retains a firm tone above the 112.00 level which keep pressure on the 112.49 high. Clearance here will see room for stronger recovery to target 112.63 then the 113.00 level. Below the 112.00 level see support at the 111.38 and 111.22 higher lows. [PL]
EUR/GBP
Sharp rally yesterday see pressure returning to the upside and lift above the .7900 level will expose the .7912 and .7929 highs to retest. Clearance will see renewed strength to target the .8000 level. Support now at .7838 and the higher low at .7775. Only break of the latter will weaken and see deeper pullback. [PL]
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