EURUSD

Strong rally seen last Friday broke above 1.2973/77, previous, 23 Nov/05 June highs, to set a new high at 1.3107. Overnight opening with the gap registered fresh high at 1.3172, ahead of current easing. Near term outlook remains bullish and pullback is seen corrective while 1.3101/1.3070 area holds, for fresh bulls to attack 1.3172 possibly 1.3200 furthermore.

 

Res: 1.3136, 1.3147, 1.3172, 1.3200

Sup: 1.3070, 1.3053, 1.3030, 1.3000

eurusd

 

 

GBPUSD

Remains in uptrend from 1.8835, 17 Nov higher low, with Friday’s acceleration reaching new high at 1.9465, during the Asia session. Corrective pullback followed, though holding above 1.9300 keeps immediate bull tone in play for fresh attack to 1.9465, break of which would possibly open upside extension towards 1.9550, 16 Dec 04 high. Below 1.9300 will allow for deeper correction towards 1.9220/1.9176, 17 Apr 05 high/10 Nov lower high, instead.

 

Res: 1.9394, 1.9420, 1.9450, 1.9465

Sup: 1.9300, 1.9275, 1.9245, 1.9220

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 on Friday, with correction higher reached 115.93. Fresh weakness overnight pushed the pair to a fresh low at 115.37. Short-term conditions remains bearish and current bounce seen corrective, while 116.47, 24 Nov high caps. Loss of 115.37 would expose 115.12/00, ahead of 114.66.

 

Res: 116.50, 116.65, 116.85, 117.10

Sup: 115.87, 115.56, 115.37, 115.12

usdjpy

 

 

USDCHF

Remains in steep downtrend from 1.2535/1.2449, 17 Nov high/21 Nov lower high, to reach 1.2071 low on Friday. Overnight weakness has seen further downside extension to 1.2025, ahead of current correction. Bears remain firmly in play for retest of 1.2025, break of which is expected to trigger losses towards 1.1965/20, while 1.2118/27 caps.

 

Res: 1.2120, 1.2150, 1.2180, 1.2215

Sup: 1.2045, 1.2025, 1.2000, 1.1965

usdchf