EuroYenEUR-JPY @ 132.64/67...Oscillating around 200-DMA
R: 133.50 / 134.57 / 135.16-24
S: 132.51 / 132.20 / 131.69-49

The Cross rose further yesterday during the US session yesterday to outdo all the fall seen the day before. It is oscillating around the flat 200-DMA since the beginning of this year. This flat MA may allow the Cross to rise further towards 135 over this week or the next.

To put things in bigger persepective, the Cross has been oscillating between 127 and 139 since the April of last year. It could possibly be allowing the 100-week MA (140.16) to catch up before deciding on which course to take. This could possibly happen over some weeks. As of now, the pair may continue to be in the range and having begun the upmove from a long term Support near 127, it may continue to move further up towards the upper end of the broader range of 127-139.

SwissUSD-CHF @ 1.0287/90...Resistance in 1.0330-60 region
R: 1.0300 / 1.0330-60 / 1.0425
S: 1.0250 / 1.0200-1.0180 / 1.0125

Swiss has fallen in the US session yesterday as expected and is now trading below 1.0300. The Support at the 200-MA on the 4-hr chart (currently at 1.0252) has held and it has risen from the low of 1.0240 in the Asian session today. The broader picture remains bearish and a break below 1.0250 might pull it down towards 1.0200-0180 during the day. On the upside Resistance is seen in 1.0330-60 region which we expect to hold if a break above 1.0300 is seen during the day.

CableGBP-USD @ 1.5968/72...Moving in a range
R: 1.6019 / 1.6049-59 / 1.6097
S: 1.5892 / 1.5804 / 1.5771

The Cable has risen from a low of 1.5938 yesterday to record a high of 1.6059. It seems to be creating a range for itself between 1.59-1.61. The BOE meeting is scheduled for today. It may see some sharp move on BoE's comments later during the day. The Projected Max High and Low for the day is at 1.6165 and 1.5892 respectively.

Overall, it has been showing bearishness and there is possibility of a double top on the weekly candles which shall be confirmed on the test of 55-week MA (1.5659).

AussieAUD-USD @ 0.9206/10...Bullish
R: 0.9304 / 0.9376 / 0.9420
S: 0.9183 / 0.9150-35 / 0.9110

Aussie has risen sharply breaking above the Resistance at 0.9170. However, it has fallen from the high of 0.9264 and is now trading just above 0.9200. With strong Support at 0.9100, the broader picture looks bullish and we might see a rise towards 0.9350-0.9400 in the coming days/weeks. A break below 0.9200 during the day might test the Support at 0.9100 once again. We expect this Support to continue to hold.

Limit Buy Order:
Buy AUD 10K at 0.9120, SL 0.9030, TP 0.9330

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