EurUsd Dropped by 2.01% last week at 1.4504 having posted 1.4440 low. Medium term trading range is now 1.4366 â€“ 1.4952. Market traded as low as 1.4440 on Wednesday. Market looks stronger over 1.4500 pivot point. Trendline support holds 1.4311 ahead of 1.4280 strong support. Initial resistance holds 1.4652 Thursday high.
GbpUsd is posting a fifth positive day since last week 1.9388 low. Initial resistance holds 1.9730 upper Trendline. Return in uptrend will be only confirmed over 2.0000 key level before 2.0100 resistance. Renewed pressure below 1.9500 might open the door toward 1.9337 January low and 1.9105 (50% retracement of 1.7049 â€“ 2.1162 advance).
UsdJpy yesterday broke up 108 pivot point. This open the way up to 110.10 strong resistance and mid January double top ahead of 111.92 early January high. On the downside, 108 pivot point holds initial support. Further supports are sat on 105.77 February low and 104.97 23rd January low, ahead of 104.20 trendline support.
UsdChf Posted a 3-week high Thursday at 1.1107 yesterday. Initial resistance holds 1.1123 late January high. Market might look for 1.1130 (38.2% of 1.1603 â€“ 1.0838 decline). Early January double top 1.1191 marks strong resistance. Initial support holds 1.0933 Thursday low, 2 figures away from previous week low 1.0732.