EURUSD

Rose to 1.2973 high yesterday, ahead of shallow correction to 1.2940, followed by sharp rally. Break above 1.3000 barrier has triggered fresh strength to 1.3088 so far, just below 1.3094, 22 Apr 05 peak, with clearance there to open 1.3125, 21 Apr 05 high next. Downside, 1.2973/45 area expected to hold corrective pullback.

 

Res: 1.3094, 1.3115, 1.3125, 1.3140

Sup: 1.3000, 1.2973, 1.2960, 1.2940

eurusd

 

 

GBPUSD

Rally from 1.8835, 17 Nov low, fully retraced 1.8976/1.8835 downleg, followed by consolidation. Fresh push higher emerged from there, breaking through 1.9270/95 resistance and denting 1.9327, 2005 high, at 1.9335. Bulls are firmly in play, with 1.9380/1.9420 seen as a next target, though extremely overbought, warn of correction.

1.9176/66 now reverted to support, to contain dips.

 

Res: 1.9355, 1.9380, 1.9420, 1.9450

Sup: 1.9220, 1.9200, 1.9176, 1.9166

gbpusd

 

 

USDJPY

Dipped sharply from 118.12 lower high of 21 Nov, through 116.56, 01 Nov low and extending losses to 115.62 low so far, that marks approx 70% of 113.96/119.85, 04 Aug/13 Oct upleg. Overall picture remains weak, with market eyeing 115.35/15 zone next. Oversold reading, however, suggest correction higher, though 116.50 caps for now and only sustained break higher would improve conditions.

 

Res: 116.50, 116.65, 116.85, 117.00

Sup: 115.56, 115.35, 115.20, 115.00

usdjpy

 

 

USDCHF

Extended descend from 1.2535 resistance, through 1.2396/44 20/10 Nov lows. Break of the latter triggered fresh downmove, clearing 1.2190/80, Aug base and extending losses to 1.2076. Further weakness is looking for 1.2015, 05 Jun, possibly 1.1920, 15 May yearly low retest on a break. Corrective bounce on extremely oversold hourlies, seen capped by 1.2215/40 for now.

 

Res: 1.2130, 1.2180, 1.2215, 1.2240

Sup: 1.2076, 1.2044, 1.2015, 1.2000

usdchf