EURUSD
Reversal off 1.3091, 9 Feb high tested 1.2720, 3month rising trendline drawn off 1.2331, 28 Oct 08 low, before bouncing. Upside attempts are for now limited by 1.2944/98, ahead of further dips lower. Loss of 1.2720 weakens the structure, while only above 1.2998 improves.
Res: 1.2950, 1.2998, 1.3071, 1.3091
Sup: 1.2810, 1.2766, 1.2720, 1.2627
GBPUSD
Yesterday’s attempt at 1.4138 low hints possible basing ahead of 1.4052, 61.8% retracement 1.3500/1.4986 rise. Clearance of 1.4315 and 1.4419 will signal fresh recovery.
Res: 1.4606, 1.4635, 1.4702, 1.4750
Sup: 1.4340, 1.4323, 1.4252, 1.4138
USDJPY
Double bottom at 89.70/81 reached on 11/12 Feb, buoys for a test on 92.00, trendline drawn off 6 Jan high. An eventual break here would signal significant near-term strength. Immediate support stands at 90.54/82.
Res: 91.79, 92.00, 92.25, 92.42
Sup: 90.80, 90.54, 9038, 90.13
USDCHF
Near-term structure remains positive while 1.1490 trendline support holds. Scope is seen for rally to 1.1843, 76.4% retracement of 1.2298/1.0370. Loss of 1.1506/1.1490 will focus 1.1401 instead.
Res: 1.1695, 1.1715, 1.1746, 1.1785
Sup: 1.1562, 1.1506, 1.1449, 1.1401
