Technicals

EurUsd On the current upside, only a return over 1.5000 and 1.5500 will release actual pressure and may put key initial resistance 1.6000 into focus. Still a break up there would open the way to Trendline resistance 1.6200. But renewed weakness below 1.4250 will put the focus on strong support 1.3666 December 2004 high and 1.3056 support (retracement of 0.8231 1.6039 advance).

GbpUsd On the upside, strong resistance holds 1.8795 21st August high. Former support 1.9363 holds also strong resistance. Key level holds 2.0100 resistance. Renewed weakness below 1.7447 may find support on 1.7422 (50% retracement of 1.3682 2.1161 advance). Strong support holds 1.7251 3rd April low.

UsdJpy Last two-week strong volatility posted 104.20 to 106.20 consolidation range before recovery over 108 and initial resistance. Further advance will put 110.67 15th August high. Renewed pressure below 105.88 initial support may open the way toward 105 pivot (38.2% retracement of 95.75 110.67 advance), as well as 103.54 latest weeks low and 100 pivot point.

UsdChf Market rose as high as 1.1418 three-weeks ago and strongly reversed 2-month uptrend last week. High volatile Friday session posted 1.1280 high initial resistance and 1.1007 low. On the downside, only weakness below 1.0734 former resistance would undermine the current trend and open the way down to 1.0500 and 1.0375. This move could also test the 1.0013 15th July low in front of 0.9637 17th March low. Initial resistance holds 1.1280 Friday high ahead of 1.1418 11th September trend high. Strong resistance holds 1.1593 December 2007 high.

Resistance and Support: