EURUSD

Corrected lower off 1.2848, 20 Nov high, to reach 1.2800, ahead of fresh push higher. Gains breached 1.2848 resistance, extending to 1.2872 thus far. Further upside targets 1.2899, 10 Nov high, possibly 1.2913/25 on a break. Overbought conditions, however, see risk of corrective pullback before renewed strength. 1.2837/17 area expected to contain dips.

 

Res: 1.2875, 1.2899, 1.2913, 1.2925

Sup: 1.2855, 1.2837, 1.2828, 1.2817

eurusd

 

 

GBPUSD

Continues to reverse the recent 1.9176/1.8835, 10/17 Nov downleg, with 1.9066 high being reached so far. Short-term outlook remains bullish, looking for upside extension towards 1.9120 initially, ahead of possible retest of 1.9151/76 highs. Overbought hourlies warn of correction, though 1.9000/1.8985 should hold the downside.

 

Res: 1.9096, 1.9120, 1.9151, 1.9176

Sup: 1.9000, 1.8985, 1.8975, 1.8955

gbpusd

 

 

USDJPY

Failed to break above 118.45/57 resistance area, leaving lower top at 118.12 yesterday, ahead of fresh weakness. Downside break of 117.60, trendline resistance drawn of 116.56, 01 Nov low, brings bears fully in play, eyeing 117.12, next target. Potential break here would open broader weakness towards 116.95/65, possibly 116.56. Upside break above 118.00, however, improves.

 

Res: 117.76, 117.96, 118.15, 118.25

Sup: 117.23, 117.12, 116.95, 116.65

usdjpy

 

 

USDCHF

Bounce from 1.2344, 10 Nov low, stalled at 1.2535, trendline resistance last Friday, ahead of fresh weakness that reached 1.2396 on 20 Nov. Correction/consolidation to 1.2440 followed, ahead downmove under 1.2396, to reach 1.2357. Further downside targets 1.2344, possibly 1.2288, 25 Sep low. Only regain of 1.2420/45 would delay bears.

 

Res: 1.2400, 1.2420, 1.2430, 1.2446

Sup: 1.2357, 1.2344, 1.2320, 1.2288

usdchf