EURUSD
Extended gains from 1.2749, 09 Nov higher low, to a new high at 1.2899 last Friday, ahead of current pullback. Correction reached 1.2842 low this morning, with bounce from there leaving lower high at 1.2870, before deeper setback towards 1.2820/00 area, where bulls should reassert for fresh attempt higher. Upside clearance of 1.2870/99 should expose 1.2936, 21 Aug high, possibly 1.2977, 05 June high, on a break. Loss of 1.2800/1.2790, delays.
Res: 1.2899, 1.2910, 1.2920, 1.2936
Sup: 1.2840, 1.2820, 1.2790, 1.2770
GBPUSD
Reached new high at 1.9176 on Friday, ahead of overnight pullback to 1.9101. Attempt higher stalled at 1.9151, leaving a lower top, ahead of sharp decline that reached 1.9065 so far. Further weakness is seen towards 1.9045 support before renewed attempt higher, with clearance of 1.9151/76 needed to resume advance. 1.9200/20 seen as next target. Below 1.8974 sidelines bulls.
Res: 1.9151, 1.9177, 1.9200, 1.9220
Sup: 1.9045, 1.9025, 1.9005, 1.8974
USDJPY
Failure at 118.57, 09 Nov high, triggered sharp pullback 117.11 overnight, ahead of fresh strength. Short term bulls remain intact, with today’s clearance of 117.65 resistance seeking upside extension towards 118.00/30 initially, ahead of possible stretch to 118.43/57. Downside loss of 117.12, however, delays for 116.96/65.
Res: 117.96, 118.30, 118.43, 118.57
Sup: 117.40, 117.12, 116.96, 116.65
USDCHF
Succession of lower highs from 1.2768, 13 Oct high has seen downside extension to 1.2344 low last Friday. Corrective attempt from there failed at 1.2414, followed by dip to 1.2357 today. Fresh attempt higher is underway, though classed as corrective as long as 1.2470/80 zone caps the upside, for fresh weakness, with potential loss of 1.2343 to expose 1.2288, 25 Sep low. Upside break above 1.2470/1.2500, however, revives bulls.
Res: 1.2430, 1.2455, 1.2448, 1.2470
Sup: 1.2358, 1.2344, 1.2320, 1.2288
