EurUsd Rebounded from January 22nd 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. Market broke yesterday 1.4500 pivot support, where below it, market might look down for 1.4280 next support after trendline support holding 1.4311 December low. Initial resistance holds 1.4652 yesterday high.
GbpUsd Cable went lower for the third consecutive day returning below 1.9590 (38.2% retracement of 1.7049 â€“ 2.1161 advance). Further 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). Return in uptrend might be only confirmed over 2.0000 key level before 2.0100 resistance. Initial resistance holds 1.9959 last week high.
UsdJpy It remains weak below 108, having tested 104.97 low 23rd January. Initial resistance holds 107.89 Friday high. Strong resistance holds 110.10 previous week double top ahead of 111.92 early January high. Pressure will be relieved over 108. Meanwhile, current trend may look for 106 support and next 104.97 support ahead of 104.20 trendline support.
UsdChf Posted a 2 Â½ week high yesterday at 1.1104. 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. Initial support holds 1.0933 yesterday low, 2 figures away from last Friday low 1.0732.