Mon, Feb 9 2009, 13:31 GMT
by Slobodan Drvenica
EURUSD
Reversal from 1.3068, 4 Feb high, found support at 1.2746 on 06 Feb, before firming to 1.2990. Break above the latter is required to extend recovery, otherwise 1.2747/1.2990 range seen as key.
Res: 1.2990, 1.3007, 1.3037, 1.3071
Sup: 1.2857, 1.2830, 1.2819, 1.2760
GBPUSD
Remains in uptrend from 1.3500, 23 Jan bottom, attempting now at 1.4982, 16 Jan lower high. Break there is needed to avert still existing risk of return to 1.3500 and open way for break through 1.5000 to target 1.5115, 09 Jan low, initially.
Res: 1.4982, 1.5053, 1.5115, 1.5165
Sup: 1.4830, 1.4703, 1.4675, 1.4637
USDJPY
Last week’s break above 90.35 completed an inverted head and shoulders, 92.25 seen so far. Higher low now sought near 90.80/72, for swing higher towards 92.92.
Res: 92.25, 92.42, 92.92, 93.20
Sup: 90.72, 90.60, 90.15, 90.06

USDCHF
Extended gains to 1.1746 on 06 Feb, ahead of ease. 1.1571/85 now marks a likely higher base for the next attempt toward 1.1843. Loss of 1.1571 will spark fresh weakness instead.
Res: 1.1685, 1.1700, 1.1746, 1.1775
Sup: 1.1573, 1.1548, 1.1500, 1.1480
Published on Mon, Feb 9 2009, 13:37 GMT
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