EURUSD
Remains in a positive mode following today’s strong bounce off 1.3211, just above 1.3190, 30 Apr low. Bulls now look for 1.3391/84, 13/30 Apr highs, to focus 1.3580, 06 Apr peak, next. 1.3211 low, also 100 day MA/1.3190 support the advance.
Res: 1.3391, 1.3415, 1.3500, 1.3580
Sup: 1.3290, 1.3246, 1.3211, 1.3190
GBPUSD
Reversal from 1.5066, 3-month high, posted 16 Apr, reached 1.4396 on 22 Apr, ahead of recovery. 1.4960/80 now offers resistance, ahead of 1.5066, break of which is needed to resume recovery towards 1.5260/1.5350. Upside rejection risks return to 1.4830/1.4750, ahead of key 1.4703, 30 Apr low, support.
Res: 1.4980, 1.5035, 1.5069, 1.5140
Sup: 1.4143, 1.4108, 1.4097, 1.4061
USDJPY
Strong rally off 95.61, 28 Apr low, broke through 3-week bear channel resistance at 98.70, extending gains to 99.56 so far, just ahead initial target of 99.72, break of which will eye 100.08/20 zone. 98.55 now offers initial support.
Res: 99.72, 100.08, 100.20, 100.74
Sup: 99.06, 98.70, 98.55, 98.00
USDCHF
Upside rejection at 1.1740 and subsequent reversal broke below bull trend line connecting 1.1158/1.1239, warning of a larger daily bear flag with a retest of 1.1158 likely. Only regain of 1.1450 would ease bear pressure.
Res: 1.1435, 1.1449, 1.1481, 1.1520
Sup: 1.1301, 1.1272, 1.1257, 1.1240
