EurUsd Euro is searching for direction after having pull back from last Friday 23rd November record high 1.4967. It might return down to two weeks ago support on 1.4520. On the downside, only a return below 1.4500 and further drop to 1.4280 former resistance would threaten the last 3 months uptrend. This could open the way down toward 1.4000 nearby support and 1.4125 trendline support. Initial resistance holds 1.4723 former support.
GbpUsd Cable is breaking down 2.0550 â€“ 2.0600 range support heading down to 2.0354 mid-November low. On the upside, 2.0833 Nov 28th high marks the strong resistance before putting 2.1161 trend high and 2.1355 May 11th 1981 into focus. Initial resistance holds 2.0700 Friday high. On the downside, a return below 2.0525 may open a market reversal. But it would need renewed pressure below 2.0200 and further weakness toward 2.0000 psychological levels to validate a downtrend. Initial support holds 2.0447 early today low.
UsdJpy Downtrend might have end with November. Last Friday break up 110 level had put 114 into focus. This may open the way toward 117.63 resistance. On the downtrend, supports hold 106.50 June 2005 low and 101.68 January 2005 low. Initial support holds 110 minor. Initial resistance holds 111.23 Friday high.
UsdChf Downtrend remains heavy, even with last week 4 positive sessions started on 1.0888 23rd November low. Market had found support on 1.1000 key level. Initial resistance holds 1.1300 (12th Nov) high. It would also need a return over 1.1500 and 1.1640 level to relieve actual bear threat. Initial support holds 1.1160 yesterday low.