EURUSD
Remains in a corrective mode from 1.3312, 06 Jan low, with 1.3800 high seen yesterday. Clearance of 1.3840 break point is required to resume correction, otherwise, lower top under the latter would signal fresh weakness towards 1.3535, yesterday’s low, possibly 1.3312 on a break.
Res: 1.3800, 1.3840, 1.3900, 1.3945
Sup: 1.3600, 1.3535, 1.3465, 1.3430
GBPUSD
Extended gains off 1.4350, 31 Dec low, to peak at 1.5374 yesterday, ahead of pullback. Correction reached 1.5115 so far, though, deeper reversal is not ruled out, before fresh bulls come in play. Above 1.5374 to target 1.5720, 17 Jan peak.
Res: 1.5295, 1.5310, 1.5374, 1.5400
Sup: 1.5115, 1.5087, 1.5020, 1.4980
USDJPY
Recovery off 87.13, 2008 low, posted 17 Dec, reached 94.65 high on 06 Jan, ahead of reversal. The sell-off has breached 90.89, 50% retracement of 87.13/94.65 ascend, to open 90.05, 61.8% retracement next. Only regain of 91.59 firms the tone.
Res: 91.58, 92.02, 92.32, 92.60
Sup: 90.14, 90.05, 89.75, 89.54
USDCHF
Reversal off 1.1084, yesterday’s recovery high, warns of bear presence to further retrace 1.0370/1.1280 upleg. Loss of 1.0865/46 support to risk 1.0705, near 61.8% retracement, next.
Res: 1.1003, 1.1045, 1.1084, 1.1200
Sup: 1.0865, 1.0846, 1.0820, 1.0775
