EurUsd Retreated form last week highs 1.4922 down to yesterday low 1.4411. Current trading range is set 1.4366 â€“ 1.4922. Market traded as high as 1.4922 last week, in sight of 1.4967 resistance November high. Further strength might open the door up to 1.5000 key level. Yesterday 1.4411 low marks support. With 1.4500 pivot cleared down, market will look for 1.4280 next support after trendline support holding 1.4311 December low.
GbpUsd remains weak having broke yesterday below 1.9500. Further downtrend pressure might open the door toward 1.9105 (50% retracement of 1.7049 â€“ 2.1162 advance). Longs will only lock within a return over 1.9800 short term Trendline and 2.0000 key level ahead 2.0100 resistance. Initial supports hold 1.9483 11th January low and 1.9400 yesterday low.
UsdJpy remains weak having tested 105.63 yesterday low. In recent downtrend, pressure opened the way toward 106 support. Initial support holds 105.92 last week low ahead of 104.20 trendline support. Strong resistance holds 110.10 last week double top ahead of 111.92 early January high.
UsdChf January downtrend seems to come to an end rebounding from 1.0838 last week low. Market is looking for 1.1130 (38.2% of 1.1603 â€“ 1.0838 decline). Weakness below 1.1019 will reopen the way down to 1.0759 trendline low. Initial resistance holds 1.1112 yesterday high. Early January double top 1.1191 marks strong resistance.