EurUsd Rebounded from late January 1.4366 low for a clear run through 1.4500 pivot point. Current trading range is set 1.4366 â€“ 1.4952. Market traded as high as 1.4952 last Friday, in sight of 1.4967 resistance November high. Further strength might open the door up to 1.5000 key level. Last week 1.4755 low marks initial support. Lower than 1.4500 pivot level, market might look down for 1.4280 next support after trendline support holding 1.4311 December low.
GbpUsd It broke through Trendline resistance 1.9793 late January. Strength has been reversed Friday and Cable found support on the former Trendline resistance at 1.9666. Uptrend confirmation will only lock within a return 2.0000 key level before 2.0100 resistance. Meanwhile, pressure below 1.9800 might open the door toward 1.9337 January low and 1.9105 (50% retracement of 1.7049 â€“ 2.1162 advance).
UsdJpy remains weak having tested 104.97 low 23rd January. In recent downtrend, pressure opened the way toward 106 support. Initial support holds 104.97 ahead of 104.20 trendline support. Initial resistance holds 107.89 Friday high. Strong resistance holds 110.10 previous week double top ahead of 111.92 early January high.
UsdChf dropped Friday down to 1.0732 new low but rebounded up to 1.0901 the same day. 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.