EurUsd Market again looks stronger over 1.4500 pivot point recovering from 7th February 1.4440 low. Medium term trading range is now 1.4366 â€“ 1.4952. Trendline support holds 1.4311 ahead of 1.4280 strong support. Initial resistance holds 1.4709 Friday high.
GbpUsd Cable had found resistance on upper Trendline at 1.9723 on Friday. Friday move ended the five-day positive trend from 1.9388 February 7th 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 It shortly tested level over 108 pivot point last week. This may open the way up to 110.10 strong resistance and mid January double top ahead of 111.92 early January high. On the downside, supports are set on 105.77 February low and 104.97 23rd January low, ahead of 104.20 trendline support.
UsdChf It is trading in 1.0732 â€“ 1.1104 range. Next 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 February 1st 1.0732 low.