EURUSD

Reversal off 1.2804, yesterday’s lower high, reached 1.2745 low ahead of fresh attempt higher that is currently testing 1.2790, trendline resistance drawn off 1.2817, 07 Nov high. Short term outlook keeps focus to the downside and if 1.2790 confirmed as a lower top, then further weakness towards 1.2765/45 is likely. Potential break above 1.2790 would open 1.2804 next, ahead of 1.2810/17, 07 Nov highs.

 

 

Res: 1.2790, 1.2804, 1.2817, 1.2835

Sup: 1.2765, 1.2745, 1.2720, 1.2700

eurusd

 

 

GBPUSD

Corrected lower to 1.9006 yesterday, following pullback from 1.9121, 07 Nov lower high, ahead of fresh push higher, with 1.9075 reached so far. Upside needs to clear 1.9090/96 to resume gains towards 1.9121/33, possible 1.9142, yearly high, though failure to do so warns of deeper setback to 1.9006/1.8995, before bulls reassert.

 

Res: 1.9096, 1.9121, 1.9133, 1.9142

Sup: 1.9025, 1.9006, 1.8973, 1.8946

gbpusd

 

 

USDJPY

Continues short-term gains from 117.24, 07 Nov correction low, with 117.96 being reached this morning. Easing from there reached 117.72, just above 117.60, trendline support and while this intact, scope exists for upside extension through 117.96/118.00 to retest 118.43, 06 Nov lower high. Loss of 117.60 brings immediate risk towards 117.35/22.

 

Res: 118.00, 118.30, 118.43, 118.73

Sup: 117.60, 117.35, 117.22, 116.96

usdjpy

 

 

USDCHF

Recovery attempt from 1.2445, 03 Nov higher low, failed at 1.2573 on 06 Nov, with pullback from there fully reversing the rally, to reach 1.2439. Bounce from there was short-lived, reaching 1.2522, ahead of fresh weakness. Bears are now looking for  retest of 1.2449/39 area, break of which will focus 1.2403, 01 Nov higher low, next. Only regain 1.2568/78 improves the outlook.

 

Res: 1.2530, 1.2568, 1.2578, 1.2590

Sup: 1.2449, 1.2439, 1.2412, 1.2403

usdchf