EurUsd Range consolidation continues. Currently testing the bottom range intra day support at 1.2631. Rejection should lead to an upside breakout targeting 1.2782 then 1.2840 declining trend resistance.
GbpUsd Todays price action negates yesterdays corrective rally. Currently testing weekly lows at 1.4162. Daily RSI lacks upwards momentum providing focus on 1.4092 (feb lows) support. Any upmove should be capped by 5 & 21 day MA ( 1.4330 & 1.4408 respectively) .
UsdJpy Still bearish on Jpy crosses. Current correction from 98.71 highs still has legs while RSI is still in overbought territory. Intra day support stands at 97.13 and would need a clear close below to shift our near term stance. Failure to break will keep the focus on 98.71 then 98.93 (50% fib from 110.49 - 87.12)
UsdChf Usd bulls have paired back most of the Chf gains from yesterday. Pair retraced above 1.1723 (61.80% Fib level on 1.1885 – 1.1465) move. Initial support 1.1626 and intraday resistance at 1.1785.
Resistance and Support: