EurUsd Euro drove up to 1.5865 high yesterday, not far from 1.5904 last month high. Medium term trading range is set between 1.5400 1.6000. Strong support hold 1.5528 (23.6% retracement of 1.4311-1.5904 advance). Psychological 1.5000 level marks strong key support before 1.4500 pivot point. Initial resistance hold 1.6000 key level. Initial support hold 1.5511 Thursday low.
GbpUsd Cable recovered 0.34% at 1.9736 on Wednesday after previous day 1.08% drop. It looks still under pressure ahead of BoE rate decision in last 4-week light downtrend. Actual trading range is 1.9600 1.9800. Market needs a return over psychological 2.0000 and 2.0100 major pivot points to undermine current downtrend. Further pressure may open the way down to 1.9337 January low and 1.9105 (50% retracement of 1.7049 2.1162 advance).
UsdJpy Dollar returns under pressure dropping 0.94% to 101.76 on Wednesday and trading close to 100.50 today. A return below 100 pivot point would undermine the mid-March uptrend started on 95.74 March 17th low. 100 level marks pivot point. Bottom support holds 95. On the Upside, confirmation over 100 may open the way up to 105, then 110.10 strong (Trendline) resistance and mid January double top ahead of 111.92 early January high. Strong support holds 95.74 last month low.
UsdChf Market remains weak below 1.0200. It went below 1.0000 psychological level on Wednesday trading down to 0.9975 before closing at 1.0025 -1.31%. Strong support holds 0.9639 17th March low. Uptrend would only return over 1.0200 resistances. Early January double top 1.1191 marks strong resistance.