EurUsd Market looks confident in February Euro uptrend over 1.4500 pivot point and 1.4800 recovering from 7th February 1.4440 low. Medium term trading range is still 1.4366 â€“ 1.4952. Trendline support holds 1.4311 ahead of 1.4280 strong support. Initial resistance holds 1.4863 Friday high.
GbpUsd Cable broke Friday 1.9630 upper Trendline resistance. But return in uptrend will be only confirmed over 2.0000 key level before 2.0100 resistance. Most recent pressure below 1.9500 had open the way toward 1.9337 January low and 1.9105 (50% retracement of 1.7049 â€“ 2.1162 advance). Initial support holds 1.9363 Wednesday low.
UsdJpy Market still trading around 108 pivot point. On the downside, supports are set on 105.77 February low and 104.97 23rd January low, ahead of 104.20 trendline support. Renewed Dollar strength may open the way up to 110.10 strong (Trendline) resistance and mid January double top ahead of 111.92 early January high.
UsdChf Market 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 1.0836 Friday low, almost 2 figures away from February 1st 1.0732 low.