EURUSD
Remains in a strong uptrend, after clearance of key 1.3080/1.3295 resistances. Yesterday’s sharp rally off 1.3800 area, cleared 1.4000/1.4100 barriers, extending gains to 1.4192 so far. Consolidation now under way, with near-term bulls firmly in play for fresh attempt towards 1.4265/1.4303. Downside, 1.3630, yesterday’s low supports the advance.
Res: 1.4192, 1.4268, 1.4303, 1.4426
Sup: 1.3990, 1.3942, 1.3900, 1.3770
GBPUSD
Attempts to form medium-term base at 1.4468, with yesterday’s rally through 1.5532, 25 Nov peak, extending gains to 1.5720 today. Sharp reversal emerged from there, with higher low required above 1.5200, to maintain recovery, otherwise fresh downside extension towards 1.5120/1.5048 would be likely scenario.
Res: 1.5411, 1.5472, 1.5544, 1.5639
Sup: 1.5243, 1.5202, 1.5173, 1.5120
USDJPY
Bounce off 88.12, 12 Dec spike low, was short lived, as recovery attempt stalled under 92.24, trendline resistance, to leave a lower top at 91.56. Fresh weakness now underway, has nearly fully retraced the recent 88.12/91.56 upleg, reaching 88.18 so far. Clearance of 88.18/12 opens 87.83/86.87, Aug/July 95 lows.
Res: 89.25, 89.57, 89.72, 90.18
Sup: 88.12, 87.83, 86.87, 86.02
USDCHF
Today’s break below 1.1201 has marked a full retracement of 1.1201/1.2296 ascend, with fresh bears extending to 1.1055 thus far. Short-term studies are extremely oversold, with correction higher seen, ahead of fresh decline. Only reclaim of 1.1470/1.1545 to ease the current bear pressure.
Res: 1.1245, 1.1293, 1.1355, 1.1400
Sup: 1.1055, 1.1000, 1.0964, 1.0941
