EurUsd Euro posted a new all-time high 1.5495 yesterday before retracing to 1.5339 close. Medium term trading range is still 1.4500 – 1.5600. Initial support hold 1.5146 last Wednesday low. Psychological 1.5000 level marks strong key support before 1.4500 pivot point. Initial resistance hold 1.5462 Friday high.

GbpUsd Cable advanced as high as 2.0221 on Monday, 2 ½ month high.

Further strength might open the way toward 2.0577 3-month high. Psychological 2.0100 former resistance level marks support. Renewed pressure below 2.0000 might reopen the way down to 1.9337 January low and 1.9105 (50% retracement of 1.7049 – 2.1162 advance). Further support holds 1.9630 former Trendline resistance.

UsdJpy It remains weak in the last 2-week down trendline. On the downside, further weakness might open the door down to 101.68 January 2005 low and 101.22 November 1999 low. On the Upside, only a return over 108 may open the way up to 110.10 strong (Trendline) resistance and mid January double top ahead of 111.92 early January high. Initial support holds 101.42 Friday low.

UsdChf Market remains weak, having traded down to 1.0134 Friday low. Further weakness might open the way down to 1.0000 psychological level. Uptrend would return over 1.0700 and open the way for 1.1130 (38.2% of 1.1603 – 1.0838 decline). Early January double top 1.1191 marks strong resistance.