EURUSD

Continues to trend higher from 1.2422, 21 Nov higher low, breaking above previous 1.2814/55 and 1.2926 highs, en-route to 1.3117, 05 Nov peak. Bulls stalled at 1.3080 yesterday, with correction under way seeking for higher low above 1.2805, for fresh push higher. Clearance of 1.3117 is required to resume gains for retest of 1.3295, 30 Oct key pivot point. Downside, 1.2805, yesterday’s higher low, offers support and possible break lower would but bulls on hold in favor of decline towards 1.2436/22, trendline support/21 Nov low.

Res: 1.3027, 1.3080, 1.3117, 1.3160
Sup: 1.2900, 1.2883, 1.2855, 1.2805

eurusd



GBPUSD

Extended recovery from 1.4556, 13 Nov yearly low, to 1.5249 on 19 Nov, ahead of correction to 1.4701 on 21 Nov. Fresh strength emerged from there, with clearance of 1.5249, sparking fresh gains to 1.5532, yesterday’s peak, so far. Correction now underway, with positive short-term technicals, supporting fresh attempt to 1.5532, break of which will open 1.5600/1.5701, 50% retracement of 1.6669/1.4556 down-leg/ 11 Nov intraday high. Loss of 1.4982, yesterday’s low, however, will sideline bulls.

Res: 1.5446, 1.5480, 1.5532, 1.5575
Sup: 1.5185, 1.5159, 1.5120, 1.5055

gbpusd



USDJPY
Extended choppy bear phase from 100.56, 04 Nov recovery high, to reach 93.55 low on 20 Nov. The lower rejection here has set up short-term recovery that stalled at 97.44, just under 97.95 key trendline resistance. Test of 94.05, trendline support, drawn off 90.89, 24 Oct low is preferred, and break below there to open 93.16, ahead of 92.48, 28 Oct low.

Res: 95.56, 95.75, 96.08, 96.70
Sup: 94.44, 94.05, 93.55, 93.16

usdjpy 



USDCHF
Extended ascend off 1.1200, 30 Oct low, to reach 1.2298 on 21 Nov, before forming a corrective top. A two legged decline has followed to 1.1830. Minor bounce tested 1.1749, 50% retracement of 1.1200/1.2298 up-leg. Lift above 1.2058, yesterday’s lower ceiling, is needed to turn focus higher again, toward 1.2298. Below 1.1825 would extend bears towards 1.1749.

Res: 1.2009, 1.2065, 1.2100, 1.2120
Sup: 1.1825, 1.1803, 1.1762, 1.1749

usdchf