EURUSD
Corrected higher off 1.3025, 15 Jan low, to reach 1.3387 so far. Immediate reversal followed and 1.3387 now possibly marks a lower top for a fresh phase lower, initially to retest 1.3025.
Res: 1.3387, 1.3415, 1.3488, 1.3534
Sup: 1.3180, 1.3110, 1.3093, 1.3055
GBPUSD
The latest decline off 1.4908, today’s lower high, attempted to find support near 1.4662, 61.8% retracement of 1.4468/1.4980 rally, with 1.4626 being reached. Recovery attempt failed and fresh losses under 1.4626 now underway, with risk seen for return to 1.4468. Only regain of 1.4760 would strengthen the tone.
Res: 1.4765, 1.4910, 1.4960, 1.4982
Sup: 1.4585, 1.4550, 1.4534, 1.4493
USDJPY
Completed a base after Friday’s break through 89.88/97 resistance extending gains to 91.33 earlier today. A higher platform at 90.07 needs to hold for a fresh extension to 91.56/66, possibly 92.04 on a break.
Res: 91.11, 91.33, 91.66, 92.04
Sup: 89.90, 89.72, 89.54, 89.25
USDCHF
Failed to extend the uptrend off 1.0368, 29 Dec low, with reversal off 1.1290, 15 Dec high, extending losses to 1.1108. Overall picture remains positive and regain of 1.1290/1.1310 is required to resume recovery and open 1.1562, 61.8% retracement of 1.2250/1.0370 decline, next.
Res: 1.1255, 1.1290, 1.1310, 1.1400
Sup: 1.1108, 1.1098, 1.1069, 1.1014
