Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Swissquote's daily technical outlook.
GBP/USD
EUR/USD
Upside stays in focus from the 1.0826 low last week though strong resistance at the 1.1046 and the 1.1060/68 area keeping gains in check. Clearance needed to trigger a bottom pattern and stronger recovery to retrace drop from the 1.1376 high. Support now at 1.0940 then the 1.0900 level. [PL]
EUR/CHF
Settling back from the 1.0975 high to consolidate recovery from the 1.0810 low. However, break of the 1.0950 resistance clears the way for further recovery to target the 1.1000 level next. Downside see support at the 1.0911 and 1.0880/75 area, now protecting the downside. [PL]
USD/CHF
Ranging action seen the past 2-wk remains in play as probes above the parity level kept in check below the 1.0038 high of last week. Downside limited as well with the .9871/53 lows protecting the downside and break needed to weaken and see deeper pullback to the .9800 level. [PL]
GBP/USD
View little changed from this morning with intraday trade sustaining the bounce from 1.3836 low and within sight of the daily down trendline at 1.4321 and need a sustained break to warrant further extension. Failure to do so and a downside break of 1.4134 support will trigger a reversal. [W.T]
USD/JPY
Retains downside bias from the 114.56 high of last week and break of the 113.00 level trigger stronger setback to reach 112.75 low. Lower will see scope to the 112.16 low of last week. Upside see lift over the 114.00 level needed to expose the 114.56 and 114.87 highs to retest. [PL]
EUR/GBP
Locked within a narrow range above the .7691 low of last week though this is seen giving way to renewed selling pressure later. Resistance now at .7773 and .7814 and lower high sought to further pressure the .7696/61 lows later. Break will trigger a top pattern and see deeper setback to retrace the up-leg from .6983, Nov low. [PL]
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