Technicals

EurUsd Market hit 1.6039 high last week. This marks initial resistance over 1.6000 Pivot point resistance. A break there would open the way to key resistance 1.6200. On the downtrend, return below 1.5800 will undermine the recent uptrend. Any weakness may bring back 1.5400 1.5800 consolidation range. Below, strong support holds 1.5304 13th June low.

GbpUsd Cable is again in 1.9400 2.0000 trading range. It hit 2.0158 high last week. Key level holds again 2.0100. On the downside, only a return below 1.9649 might bring again focus on 1.9337 January low and 1.9105 (50% retracement of 1.7049 2.1162 advance). Initial support holds 1.9649 July 7th low. Strong support holds 1.9363 20th February and 14th May low.

UsdJpy Last week profit taking pushed the market back into 100 104 consolidation trading range and put 100 level on sight. Friday strong Dollar rebound put focus over 105 and mid-June 108.59 resistance and 110.10 strong resistance (Trendline). Further advance would open the way toward 111.92 early January high.

UsdChf Market hit 1.0013 last week. Further weakness below 1.0000 may open the way toward 0.9637 17th March low. Renewed strength over 1.0200 would reopen the 1.0200 1.0600 consolidation range. Initial resistance holds 1.0353 9th July high.