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Took out key uptrend line at 1.4485 yesterday, which points to potential lower levels near term as long as 1.4530 resistance holds. Looking at the chart in a longer term view the absolute key rising support is now coming in at 1.4290, which must hold to keep alive the prospects for higher levels. Focus is on ECB interest rate announcement and press conference today.
Support: 1.4430 (rising sup), 1.4360, 1.4290 (key swing level)
Resistance: 1.4527 (100 day), 1.4650, 1.4750, 1.4970 (key level) and 1.5000 (key level)
240 min â€“ Support at 1.400 and falling resistance at 1.4898.
The break below 1.9560 support saw it fall another 150 pips yesterday. Falling resistance coming in at 1.9540 today, so any rally towards that level is a decent short set up. 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.
Support: 1.9428, 1.9337 (key Jan low), 1.9310
Resistance: 1.9540 (falling res), 1.9660, 1.9960, 2.0000, 2.0170 (Key level)
120 min â€“ Falling resistance now at 1.9830.
Moving above 1.0900 Tuesday indicated that last weekâ€™s break lower was indeed a false one. A bit choppy over the last few sessions and the break above 1.1060 yesterday only reached 1.1100. Key resistance is now 1.1120, so basically any rally towards that level looks like a solid shorting opportunity.
Support: 1.1030, 1.0990, 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)
Tested the upper end of the recent range yesterday, but could not get above 107.90 level. 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. But 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)
The levels to keep an eye on today are 157.50 and 154.95 support and break of either point should provide at least a 50 pips extension. Note Also have former support line (now resistance) at 160.30 today.
Support: 154.95, 152.97 (long term rising trend line)
Resistance: 157.50, 158.20 (falling res), 159.25 (key level), 160.31 (former support line, now resistance)
Took out 0.9983 support and moved quickly lower and reaching 0.9872 before reversing higher last week. Key resistance is still former key support line at 1.0130, so basically bearish momentum intact below 1.0130 today.
Support: 0.9830 (key level), 0.9703 (1 month low)
Resistance: 1.0130 (former support line), 1.0380 (key level, overhead res), 1.0400(former key support.)
Bullish outlook above 0.7400 support today.
Support: 0.7450, 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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