Still bearish outlook after the break below 1.4520 Friday last week and any rally towards 1.45 looks like a selling opportunity. To the downside 1.4185 is key support.

Support: 1.4324 and 1.4185 (key rising sup)

Resistance: 1.4520 and 1.4640(key falling res)

240 min – Falling res at 1.4634 and former support line (now res) at 1.4392.


Big move lower over the last week and not too far off the key level of 1.9709 that I expect to offer support on the first. Pretty bearish sentiment for GBP at the moment as long as the falling resistance line holds (at 2.0386 today). Upside you have resistance from 2.0440 to 2.0500 basically and I don’t expect it to break above this level this week, so any rally up there is a possible sell.

Support: 1.9709 (key), 1.9652 (key August low)

Resistance: 2.0080 (former support), 2.0386 (falling res), 2.0430 (falling res), 2.0503 (key level)

See 120 min – Falling resistance at 2.0015 and 2.0400.


Falling resistance coming in at 1.1689 today and key resistance level remains at 1.1600, which was tested yesterday but not able to break. As I outlined in yesterday’s report sell just ahead of 1.1600 for a correction lower and this worked out quite well. Would try that again today. A break of 1.1600 (key swing level) could see a spike higher and increased momentum to the upside.

Support: 1.1469(key rising), 1.1352 (breakout level)

Resistance: 1.1600 (key level), 1.1630 (former support level), 1.1689 (key falling resistance)

120 min – Rising support at 1.1443 and overhead at 1.1661.


Key downtrend line coming in at 113.99 today and would look to sell on any approach towards this level. Key rising support coming in at 112.47.

Support: 112.70, 112.78(rising uptrend line from Nov low) and 111.87 (key level)

Resistance: 113.53 (weekly high), 113,99 (key level), 114.73 (reaction high 11/7-07)

120 min – Rising support coming in at 112.64.


Key rising uptrend line from the August low coming in at 161.88 today, so buy dips to this level or sell on approach of 163.80 resistance. (had several tests of this rising support line(161.77) and as I noted in yesterday’s report, dips towards this trend line looked like good buying opportunity).

Support: 161.88 (rising key sup from Aug low), 161.47 (rising sup from Nov low), 160.90 (former key sup)

Resistance: 163.80 (pivot level over the last week), 164.64 (falling res), 165,30 (Key level)

120 min – Falling resistance at 162.83 and 164.77.


From yesterday Rising overhead resistance at 1.0262 today and underline support coming in at 1.0020 today. Traded below the 1 month old uptrend line for the first time Tuesday and closed below it yesterday, bearish signal and lower levels can be expected Next level to the down side is 0.9834.

Support: 0.9834, 0.9703 (1 month low)

Resistance: 1.0267 (key level, overhead res)

120 min – Overhead resistance at 1.0250.


Key rising uptrend line coming in at 0.7088 today, so buy ahead of there.

Support: 0.7105, 0.7088 (reaction low 3/12), 0.7097 (key uptrend level), 0.7027 (former break out)

Resistance: 0.7239 (2007 high), 0.7254 (2003 high)


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