GBP/USD: Unchanged from this morning
|Pressure stays on the downside following sharp sell-off from the 1.0874 high yesterday. Below the 1.0600 level expose the 1.0553 then the 1.0506 lows to retest. Break of the latter will return focus to the 1.0458 low of 2015. Upside see resistance now at the 1.0700 level, lift over this needed to ease downside pressure. [PL]
Sharp rebound from the 1.0021 low see pressure returning to the upside and the 1.0182 and 1.0205 highs now within reach. Clearance will expose strong resistance at the 1.0240/57 highs then the 1.0328, 2015 high. Support now at the 1.0100 level then 1.0050/21 lows. [PL]
USD/JPY
Bounce from 113.13 low to regain the 114.00 level see pressure returning to the upside and see scope to retest the 114.83 high. Lift over this will trigger renewed strength and see scope to target the 116.00 level. Downside see support at the 113.13 and 112.88 lows to watch and break needed to weaken. [PL]
EUR/CHF
Saw spike to the 1.0900 level ahead of sharp pullback to break the 1.0800 level. This return focus to the downside and see risk for setback to the 1.0753 support. Below this will expose the 1.0698 and 1.0686 lows to retest. Below the latter will return focus to the 1.0624, Jun YTD low. Resistance now at 1.0809 and 1.0853. [PL]
GBP/USD
View unchanged from this morning with pullback still in play with the daily support line at 1.2504 targeted and break will be an added boost on the downside. Only move above the stronger resistance at 1.2775 to revive the upmove from 1.1841 low. [W.T]
EUR/GBP
Rejection from the .8572 high see an outside range day weighing. Risk is seen for setback to pressure the the .8400 level and where break will expose the .8305 low to retest and resume the broader decline from the .9365 high. Resistance now at the .8500 level then .8572 high. [PL]
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