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Stalled at 1.4920 yesterday before reversing over 100 pips lower in late NY trading. Have rising support coming in at 1.4740, so would play the 1.4920 â€“ 1.4740 range today.
Support: 1.4740(rising sup from Dec lows) 1.4615 (trend line support), 1.4520, 1.4409 (key rising sup)
Resistance: 1.4920, 1.4967 and 1.5000
240 min â€“ Rising support at 1.4740.
Broke above 1.9660 yesterday to challenge 1.9750 resistance, but reversed in late NY trading to fall back below the 1.9660 level and the tone remains bearish below this level once again. The key levels to watch today are 1.9660 resistance and 1.9480 support. The 1.9660 level has been pivotal level over the last few weeks on several occasions. Still bearish sentiment for GBP as long as the falling resistance lines holds (at 1.9660 today). Have another falling resistance at 1.9897 as well.
Support: 1.9480 (key Jan low), 1.9310
Resistance: 1.9660 (key level) 1.9897 (falling res), 1.9995 (falling res), 2.0170 (Key level)
120 min â€“ Falling resistance at 1.9705.
Still bearish outlook below 1.1045 (falling res) today and 1.0880 looks like the key level to watch. Basically below 1.0880, it has scope for lower levels, while above it has prospects for a recovery toward the falling trend line at 1.1045.
Support: 1.0880, 1.0840 (overnight low)
Resistance: 1.1045 (falling res), 1.1205(former support level), 1.1350(former support), 1.1503 and 1.1596 (key falling resistance)
120 min â€“ Falling resistance coming in at 1.1045.
Bearish below 108.36 (falling res) today and we have support at 105.90 that might halt the slide somewhat. Break below 107.20 yesterday was a significant technical break on longer term chart and opens for 105.00 or so near term.
Support: 105.90 (key level), 104.95
Resistance: 107.25 (break down level), 108.36 (falling res), 110.00, 110.70, 112.80 (key level) 114.60 (key level), 114.73 (reaction high 11/7-07)
Broke below 159.20 yesterday, which saw it fall dramatically lower since. Longer term rising support coming in at 153.50, so could we see a test of this level soon? Watch the stock market for any clues on a correction higher, as long as stocks go lower it will move towards 153.50 near term, but if stocks pick up then I think it will shoot higher.
Support: 155.15, 153.50 (long term rising trend line)
Resistance: 158.80, 159.50, 160.05, 161.02(falling res from the Dec highs)
Key rising support at 0.9990 and falling resistance coming in at 1.0355, so that looks like the range to play for now, but favor playing it from the long side at the moment.
Support: 0.9990 (rising support from low), 0.9830 (key level), 0.9703 (1 month low)
Resistance: 1.0250 (Dec high), 1.0355 (key level, overhead res), 1.0400(former key support.)
Bullish momentum intact above 0.7540 rising support.
Support: 0.7540, 7505 (key level), 0,7350, 0.7232 (rising support)
Resistance: 0.7612 (all time high)
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