EurUsd Euro posted a new all-time high 1.5276 on Monday. Medium term trading range is still 1.4500 â€“ 1.5300. Initial support hold 1.5144 Friday low. Psychological 1.5000 level marks strong support before 1.4500 pivot point. Initial resistance hold 1.5229 Thursday high.
GbpUsd Cable advanced up to 1.9972 last Wednesday and consolidated in 1.9762 â€“ 1.9972 range. Further uptrend would be confirmed over 2.0000 key level and 2.0100 resistance. Renewed pressure below 1.9500 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 6 last consecutive sessions. 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 102.61 yesterday low.
UsdChf Market remains weak. It hit Monday 1.0309 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 â€“ 1.0838 decline). Early January double top 1.1191 marks strong resistance.