EURUSD

Bounce from 1.2680, 1.2680, 03 Nov low, fully retraced 1.2789/1.2680 downleg and extended gains to 1.2817 yesterday. Pullback from there is so far seen limited by 1.2750/35 zone, ahead of fresh strength to retest 1.2804/17, break of which would open 1.2865/80 next. Only loss of 1.2735 delays for deeper setback towards 1.2720/00.

 

Res: 1.2804, 1.2817, 1.2835, 1.2865

Sup: 1.2765, 1.2750, 1.2720, 1.2700

eurusd

 

 

GBPUSD

Recovery off 1.8946, 06 Nov low, slightly exceeded 1.9115, 03 Nov lower high, to reach 1.9121, ahead of pullback to 1.9040. Renewed attempt higher stalled at 1.9096 and if this confirmed as a lower top, risk remains for deeper reversal under 1.9025, 07 Nov low, towards 1.9000/1.8973. Early regain of 1.9096 eposes 1.9115/21 then 1.9142 instead.

 

Res: 1.9096, 1.9115, 1.9133, 1.9142

Sup: 1.9025, 1.9000, 1.8973, 1.8946

gbpusd

 

 

USDJPY

Strong reversal from 116.65, 02 Nov higher low, extended gains to 118.43 on 06 Nov, ahead of pullback to 117.34. Fresh advance is underway and while trendline support at 117.40 intact, short-term outlook remains bullish for 118.43 retest. Under 117.40/25 exposes 116.96/56.

 

Res: 118.30, 118.43, 118.73, 118.85

Sup: 117.60, 117.35, 117.22, 116.96

usdjpy

 

 

USDCHF

Bounced strongly from 1.2445, Friday’s higher low to reach 1.2578 high on 06 Nov, ahead of strong pullback to 1.2438. Attempt higher failed at 1.2500, with reversal to 1.2449 followed. Current ascend has already breached 1.2500, looking for retest of 1.2525 barrier. Sustained break there is needed to continue recovery, otherwise fresh weakness towards 1.2449/38, possibly 1.2412/03 is likely.

 

Res: 1.2530, 1.2568, 1.2577, 1.2590

Sup: 1.2449, 1.2438, 1.2412, 1.2403

usdchf