EURUSD
Extended downtrend from 1.4720, 18 Dec 08 reaction high, to reach 1.2825 low on 21 Jan, where current bouncing seeks a new lower top under 1.3387, 19 Jan high, for fresh decline towards 1.2800/1.2716.
Res: 1.3030, 1.3059, 1.3087, 1.3100
Sup: 1.2908, 1.2893, 1.2855, 1.2825
GBPUSD
Has so far retraced over 23.6% of 1.4980/1.3620 downleg at 1.4025, following bounce off 1.3620. Upside clearance of 1.4140/1.4300, 38.2%/50% retracement levels, is required to avoid immediate downside risk towards 1.3690/20 and resume recovery.
Res: 1.3848, 1.3898, 1.3915, 1.3940
Sup: 1.3690, 1.3670, 1.3620, 1.3520
USDJPY
Remains in a downtrend from 91.33, 19 Jan high, to reach a new 14-year low at 87.10 on 21 Jan, ahead of yesterday’s rebound to 89.55. Lift above 90.17/33 needed to firm the tone, otherwise fresh weakness towards 86.87/00 would be likely scenario.
Res: 89.36, 89.55, 89.71, 90.17
Sup: 88.35, 88.07, 87.57, 87.10
USDCHF
Accelerated gains on Monday once 1.1290, 15 Jan high, was breached. As yet failed to sustain gains above 1.1617, yesterday’s high. Break below 1.1496 delays advance towards 1.1775 and opens 1.1400 instead.
Res: 1.1617, 1.1686, 1.1747, 1.1775
Sup: 1.1496, 1.1445, 1.1370, 1.1347
