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. Initial support holds 1.4500 pivot level, where below it, market might look down for 1.4280 next support after trendline support holding 1.4311 December low.
GbpUsd It is holding on former Trendline resistance as end January positive trend didnâ€™t last. Strength has been reversed Friday and Cable found support on the former Trendline resistance at 1.9559 (38.2% retracement of 1.7049 â€“ 2.1161 advance). 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 It remains weak having tested 104.97 low 23rd January. In recent downtrend, pressure opened the way to 106 support. Further 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 It dropped Friday down to 1.0732 new low but rebounded up to 1.0901 the same day. It extend up to 1.1057 high 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.