EUR/USD Daily
Backed off the 1.0985 high but upside stays in focus from the 1.0805 low of last week. Higher low sought to further pressure the upside and clearing the 1.1000 level will expose strong resistance at the 1.1060/87 area. Below the 1.0900 level see support at 1.0860 then the 1.0835/05 lows. [PL]
USD/CHF Daily
Rebound from the .9959 low to regain parity level keep ranging action in play and the recent highs at 1.0107 and 1.0125 seen capping. Clearance, but not seen for now, needed to see strength towards the 1.0200 level. Below the parity level will expose the .9959 low to retest and see stronger pullback to the .9881 low. [PL]
USD/JPY Daily
Higher in consolidation above Fri's 116.51 low but the downside still vulnerable and break will target the Aug spike low at 116.18 then 115.86, low of last year. Upside see resistance now at 117.45 then the 118.00 level and 118.38 high of last week. Only above the latter will fade downside pressure. [PL]
EUR/CHF Daily
Settled back in consolidation from the 1.0983 and setback see support now at the 1.0900 level. Failure here will weaken and see deeper pullback to 1.0855/27 support. Strength to clear the 1.0983 high will clear the way to target 1.1000 then 1.1050, Sep high. [PL]
GBP/USD Daily
View unchanged from this morning with the sharp decline last Friday below the 1.4352 support setting the bigger downmove from 1.4970 high back in motion with bears now eyeing lower support at 1.4228 ahead of 1.4110. Intraday trade to remain suppressive. [W.T]
EUR/GBP Daily
Settled back from the .7695 high but bulls showing no signs of faltering. Dips see support now at the .7600 level and break needed to see stronger pullback to .7555 support. Higher low sought for further extension later, clearing the .7700 level will target .7745/66 area then the .7800 level. [PL]
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