EurUsd Euro posted a new all-time high 1.5396 yesterday. Medium term trading range is still 1.4500 â€“ 1.5600. Initial support hold 1.5144 Friday low. Psychological 1.5000 level marks strong support before 1.4500 pivot point. Initial resistance hold 1.5396 yesterday high.
GbpUsd Cable accelerate up to 2.0140 yesterday. 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 after last week 5$ drop. 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 Monday low.
UsdChf Market remains weak. It hit yesterday 1.0211 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.