Mon, Apr 6 2009, 06:44 GMT
by Slobodan Drvenica
Firming but possibly falters ahead of 1.3592/1.3600 while structure thus far off 1.3113 low appears corrective. Lapse below 1.3365/43 weakens.
Res: 1.3592, 1.3640, 1.3653, 1.3678
Sup: 1.3485, 1.3452, 1.3410, 1.3393
USD/JPY
Clears 200-day MA to extend upswings from 93.55/95.96 lows with break over 100.56 firming 101.25/67. Over-extended conditions caution, below 98.21 weakens.
Res: 101.00, 101.25, 101.67, 101.84
Sup: 99.54, 99.33, 98.90, 98.40
GBP/USD
Enroute towards Feb's swing high at 1.4984 following rise off 50-day MA. Clearing to firm equality 1.5240 while losing 1.4650 low delays.
Res: 1.4986, 1.5115, 1.5165, 1.5199
Sup: 1.4832, 1.4760, 1.4723, 1.4705USD/CHF
Sliding progressively from 1.1549 recovery high with break of 1.1223 low reaffirming s/term bearish presence to risk 1.1158. Abv 1.1392 high averts.
Res: 1.1307, 1.1355, 1.1392, 1.1432
Sup: 1.1223, 1.1170, 1.1158, 1.1123
Published on Mon, Apr 6 2009, 07:07 GMT
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