EURUSD

Underwent correction/consolidation mode above 1.3086/1.3100 area, following pullback off yesterday’s 1.3172. 1 ½ year high. With 1.3118, today’s low, offering immediate support, bulls are looking for push through 1.3162/72 to resume gains towards 1.3200/28 next, with possible extension towards 1.3300 zone not ruled out. Downside loss of 1.3118, however, delays and opens 1.3100/86 instead.

 

Res: 1.3172, 1.3200, 1.3225, 1.3275

Sup: 1.3118, 1.3100, 1.3086, 1.3072

eurusd

 

 

GBPUSD

Peaked at 1.9465 yesterday, ahead of correction to 1.9304. Consolidation above there followed, with fresh attempt higher now underway to reach 1.9460 high so far. Bulls area looking for sustained lift above 1.9460/65 to continue rally towards 1.9554, 05 Dec 04 high. Reversal under 1.9402/1.9367 will delay.

 

Res: 1.9465, 1.9490, 1.9506, 1.9554

Sup: 1.9402, 1.9367, 1.9350, 1.9332

gbpusd

 

 

USDJPY

Extended losses 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 reaching 116.39 yesterday, ahead of fresh push higher. To maintain immediate bearish tone, the latter must hold for downside attempt towards 115.65/37, with potential overshoot to 115.12.

Above 116.39/47 will delay bears and allow stronger correction.

 

Res: 116.39, 116.47, 116.65, 116.85

Sup: 115.87, 115.65, 115.37, 115.12

usdjpy

 

USDCHF

Steep decline from 1.2535/1.2449, 17 Nov high/21 Nov lower high, reached 1.2071 low on Friday, ahead of further weakness to 1.2025, seen yesterday. Recovery attempt from there was limited by 1.2107 and while the latter caps, bears keep 1.2025 retest in focus. Break below there will trigger downside extension towards 1.1965/20, yearly lows. Only upside clearance of 1.2107/18 would open way for stronger recovery.

 

Res: 1.2087, 1.2107, 1.2118, 1.2150

Sup: 1.2030, 1.2025, 1.2000, 1.1965

usdchf