EurUsd is getting close to 1.4825 top of January 1.4578-1.4825 range. Initial resistance holds 1.4825 early January high ahead of 1.4967 resistance November high. This might open the door up to 1.5000 key level. Yesterday low 1.4640 marks initial support. Below that, 1.4570 minor support holds the door before further drop to 1.4500 and 1.4280.

GbpUsd remains weak having broken 1.9700 key support and 1.9590 support (38.2% retracement of 2 years 1.7049 – 2.1161 advance). Further downtrend pressure might open the door toward 1.9105 (50% retracement). Longs will only lock within a return over 2.0000 key level and 2.0100 resistance.

UsdJpy remains weak below 109.76 and might head towards 107.25 low of November 26, 2007. As the pair trades below 109.76, the target is well in sight. Strong resistance holds 111.92 early January high. Initial support holds 107.91 January 4th low.

UsdChf Downtrend started end December remains strong. The pair eyes a move down to a downward target of 1.0950 and a possible spike to 1.0889. The pair holds very heavy under 1.1372. Initial resistance holds 1.1202.