EURUSD
Yesterday’s rejection ahead of 1.2841/1.2798, 76.4% retracement of 1.2329/1.4720 upleg/09 Dec low zone, retraces fall from 1.3387 high. Risk is now seen for a swing top, ahead of next downside return.
Res: 1.3087, 1.3100, 1.3174, 1.3244
Sup: 1.2937, 1.2893, 1.2855, 1.2825
GBPUSD
Plunged to 23-year low at 1.3620 yesterday, following break below 1.4350, 31 Dec 2008 low, support. Rebound, shy of 1.4048, warns of further weakness towards 1.3519.
Res: 1.3992, 1.4030, 1.4048, 1.4068
Sup: 1.3840, 1.3775, 1.3715, 1.3690
USDJPY
Rejection of Dec 87.13 low, seen late yesterday, marks possible key reversal, completing 3-legged swings from 94.65, 06 Jan high. Swing low now sought ahead of fresh attempt towards 90.17 high.
Res: 89.68, 90.17, 90.58, 90.98
Sup: 88.48, 88.20, 87.48, 87.10
USDCHF
Maintains bull posture off yesterday’s1.1380 low to falter at 1.1561, 61.8% retracement of 1.2298 /1.0368 fall. Overbought daily tools warn of correction that may precede fresh rally. Break above 1.1617 hints projected 1.1775 level.
Res: 1.1615, 1.1686, 1.1747, 1.1775
Sup: 1.1496, 1.1445, 1.1370, 1.1347
