EurUsd is narrowing in 1.4575 â€“ 1.4825 January range. Support at 1.4570 holds the door before further drop to 1.4500 and 1.4280. Initial resistance holds 1.4825 early January high ahead of 1.4967 resistance November high.
GbpUsd 1.9700 holds as the key support, anything below is very bearish, Longs will only lock in at 2.0100 or higher. Market has also support at 1.9590 (38.2% retracement of 2 years 1.7049 â€“ 2.1161 advance). Minor support holds 1.9650 Monday low.
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 Monday low.
UsdChf need a return over 1.1160 to clear the last two weeks downtrend. Initial resistance holds 1.1202. 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 support holds 1.1019 Friday low.