EURO, JAP YEN and EURO-YEN
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Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
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$-Swiss @ 1.2337/42....Critical juncture
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R: 1.2400 / 1.2433-38 / 1.2460
S: 1.2350 / 1.2332 / 1.2300
$-Swiss has weakened during the day. We have exited our Long (entered at 1.2400) at 1.2362. However, the pair currently holds above Supports at 1.2350 and 1.2332, the statistically projected Max Low for the day. A daily close below 1.2350 would be very bearish for the pair and a fall towards 1.2250 may follow later on in the week, or going into next week . The immediate Support below 1.2332 is at 1.2300.

On the upside the Resistances are coming in at 1.2400 and then at 1.2433. The statistically projected Max High for the day is at 1.2438. The big Resistance above these is at 1.2460. We are closely watching the pair for fresh developments.

 
 Cable @ 1.9085/90....Further rise if strength persists
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R: 1.9092 / 1.9120 / 1.9150
S: 1.9040 / 1.9000 / 1.8955
The Cable has had a sharp rally during the day to a high of 1.9071. Today the Resistance is at 1.9092, the statistically projected Max High for the day. If the current strength persists, we might see a rise past 1.9092, which could result in a rally towards 1.9120 and then 1.9150.

On the downside the Supports are coming in at 1.9040 and then at 1.9000. A break below these (unexpected) would lead to a fall towards 1.8955, the statistically projected Max Low for the day. We are holding a Long position.

Holding:
GBP 15K Long at 1.9061, SL 1.9050 (up from 1.9000), TP 1.9150.

 
 Aussie @ 0.7730/34....Bullish, but beware 0.7750
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R: 0.7741-51 / 0.7769
S: 0.7700 –0.7690-80
The Aussie tested a high of 0.7741 during the day but has come off from there. It is possible that the pair has failed to test 0.7750. However if 0.7750 is crossed in a fresh upmove then there may be a rally towards 0.7769 (High of 1-Nov) over today or tomorrow. Note that the statistically projected Max High for the day is at 0.7751. On the downside the Support for the pair is at 0.7700 and then at 0.7680. The statistically projected Max Low for the day is at 0.7690.


Happy Trading!