EurUsd Euro posted a new all-time high 1.5904 on Monday, confirming medium term trading range 1.4500 â€“ 1.6000. Initial support hold 1.5528 (23.6% retracement of 1.4311-1.5904 advance) close to Friday low. Psychological 1.5000 level marks strong key support before 1.4500 pivot point. Initial resistance hold 1.6000 key level.
GbpUsd Cable advanced as high as 2.0398 last week, 2 Â½ 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 â€“ 2.1162 advance). Further support holds 1.9630 former Trendline resistance.
UsdJpy It remains weak in the last 4-week down trendline. Recent break through 100 Pivot marks resistance. Bottom support holds 95. On the Upside, only a return over 100 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 95.74 Monday low.
UsdChf Market remains weak, having broke down through 1.0000 last Friday psychological level. Further weakness open way down again to 0.9639 Monday low. Uptrend would only return over 1.0000 and 1.0200 resistances. Early January double top 1.1191 marks strong resistance.