EUR/USD
Steadied at 1.1160 low but the downside still not firm and see risk for break to trigger deeper correction to the 1.1125 support then the 1.1058/41 area. Resistance now at the 1.1200/18 area and lift over this needed to ease downside pressure. [PL]
EUR/CHF
Steadied at 1.0879/75 support and bounce sets up scope for retest of the 1.0925 high. Break here needed to clear the way for stronger recovery to 1.0944 and 1.0996 high. Beyond this see strong resistance at 1.1023 high. Failure to hold 1.0875 will expose the 1.0821 and 1.0810 lows to retest. [PL]
USD/CHF
Still tracking higher to extend recovery from .9651 low to reach .9766 high. Above this see strong resistance at the .9800/10 area and lift over this needed to see stronger recovery. Lower high sought to pressure the downside later with support now at .9726 then .9675 then the .9661/51 lows. [PL]
GBP/USD
Spurred by the strong reversal from last week's high of 1.4514, intraday trade remains subdued, eyeing the the strong support at 1.4053 and break will unlease another round of strong selling. Only lift above yesterday's high of 1.4227 to turn current weakness around. [W.T]
USD/JPY
Pressure stays on the upside and see scope for retest of the 112.91/96 highs. Clearance here and the 113.00 level will swing focus higher towards the 113.82 then the 114.00 level. Would take setback below 112.00 to expose the 111.38 then 110.67 lows to retest. [PL]
EUR/GBP
Break of the .7900/12 has seen extension to tag the .7929 high. Clearance will see renewed strength to target the .8000 level then the .8050, 10-mth bottom obj. Support now at .7882 and .7838 seen protecting the .7775 low. Only break of the latter will weaken and see deeper pullback. [PL]
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