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Held the rising support at 1.4430 last week and took out 1.4580 resistance yesterday, which suggest the downside is fairly well supported at the moment. Range that can be expected today is 1.4460-1.4600 and a break above 1.4615 is opening for test of 1.4750. Looking at the chart in a longer term view the absolute key rising support is now coming in at 1.4298, which must hold to keep alive the prospects for higher levels. Focus is on ECB interest rate announcement and press conference today.
Support: 1.4460, 1.4440 (rising sup), 1.4360, 1.4290 (key swing level)
Resistance: 1.4600, 1.4650, 1.4750, 1.4970 (key level) and 1.5000 (key level)
240 min â€“ Support at 1.4400 and falling resistance at 1.4898.
As indicated in yesterdayâ€™s report the break above 1.9540 was the gateway for a move towards 1.9640 resistance. For today minor support is that break out point at 1.9540 followed by 1.9440. Key support remains the yearly low at 1.9336 and a break of this level would open for a test of 1.90 near term. To the upside the 1.9640 level is key and a break above letâ€™s say 1.9665 or so would target sub 1.9700.
Support: 1.9540, 1.9440, 1.9385, 1.9337 (key Jan low), 1.9310
Resistance: 1.9640, 1.9960, 2.0000, 2.0170 (Key level)
120 min â€“ Falling resistance now at 1.9762 and support at 1.9400.
Key resistance is now 1.1120 and falling resistance at 1.1094, so basically any rally towards that level looks like a solid shorting opportunity. To the downside 1.0930 is key support now.
Support: 1.0930, 1.0850, 1.0730 (key low)
Resistance: 1.1120, 1.1205(former support level), 1.1350(former support), 1.1456 and 1.1554 (key falling resistance from Jul 07 highs)
The key levels to watch remains; 107.92 resistance and 105.70 support and need to break out of this range to provide further direction. Watch stocks for further direction in USDJPY as any recovery in the stock market will see the USDJPY go higher and a break of 108.10 is bullish.
Support: 105.70 (key level), 104.95
Resistance: 107.92 (key level), 110.00, 110.70, 112.80 (key level) 114.60 (key level), 114.73 (reaction high 11/7-07)
Stopped right at 157.06 (falling resistance) yesterday and this level is now key resistance. To the downside 154.30 is key support. A break of either these levels should provide at least a 50 pips extension. Note Also have former support (now resistance) at 158.80 today.
Support: 154.95, 152.97 (long term rising trend line)
Resistance: 157.06 (falling res), 158.80 (former sup), 159.25 (key level), 160.31 (former support line, now resistance)
Trading inside an apex and the resistance is at 1.0044 and support at 0.9924. It basically needs to break out of this formation to trigger any bigger move at this stage.
Support: 0.9924, 0.9830 (key level), 0.9703 (1 month low)
Resistance: 1.0044, 1.0380 (key level, overhead res), 1.0400(former key support.)
Bullish outlook above 0.7400 support today.
Support: 0.7430, 0.7400, 7350, 0.7302 (rising support)
Resistance: 0.7490, 0.7540 (break down level 16 Jan), 0.7612 (all time high)
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