EurUsd Euro posted a new all-time high 1.5904 last week, confirming medium term trading range 1.5400 â€“ 1.6000. Initial support hold 1.5528 (23.6% retracement of 1.4311-1.5904 advance). 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 two weeks ago, 2 Â½ month high. It reversed last week below 2.0000 further to profit taking. Actual trading range is 1.9700 â€“ 2.0400. Psychological 2.0100 and 2.0000 supports have been broke last week. Renewed pressure may open the way down to 1.9337 January low and 1.9105 (50% retracement of 1.7049 â€“ 2.1162 advance). Current consolidation over 2.0000 may open the way up 2.0200.
UsdJpy It rebounded from 95.74 last week low. Last week marks the end of a 4-week downtrend. 100 Pivot marks resistance. Bottom support holds 95. On the Upside, only a confirmation 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. Strong support holds 95.74 last week low.
UsdChf Market remains weak below 1.0200, having traded below 1.0000 psychological level last week. Strong support holds 0.9639 last Monday low. Uptrend would only return over 1.0200 resistances. Early January double top 1.1191 marks strong resistance.