EUR/USD
Consolidates above 1.3535 after recovery from 1.3427, 14 Feb low, and 1.3461 higher low, stalled at 1.3608. Holding above 1.3535, today’s higher platform, keeps immediate focus at the upside, with clearance of 1.3608 to target 1.3620, 11 Feb low / 61.8% of 1.3743/1.3427 downleg and 1.3637, 10 Feb intraday high, break of which would open way for retest of 1.3743, key near-term lower top. Loss of 1.3535, however, delays, while below 1.3461/1.3527, key near-term supports will signal fresh extension of 1.2872/1.3860 upleg correction.
Res: 1.3590, 1.3608, 1.3620, 1.3637
Sup: 1.3550, 1.3535, 1.3475, 1.3460
GBP/USD
Trades in a corrective / consolidative mode after pullback from 1.6277, 03 Feb fresh high, found support at 1.5957. Upside remains capped at 1.6170/84 for now, with break here required to open 1.6277/97, key resistance zone, and clearance here to resume broader recovery from 1.4230, May 2010 yearly low. 1.5985/57, recent range bottom, offers initial support and while trading above here, near-term focus remains at the upside. Break below 1.5957 would weaken the structure and expose 1.5821/1.5750 lows, near-term.
Res: 1.6145, 1.6170, 1.6184, 1.6228
Sup: 1.6112, 1.6075, 1.6057, 1.5985
USD/JPY
Break above 83.67 resistance has extended recovery from 81.10, 04 Feb yearly low, to test 84.00 zone so far, ahead of key short-term resistance area at 84.39/49, break of which is needed to trigger fresh recovery phase from 80.24, Nov 2011 15-year low and expose 85.40/90 next. At the downside, 83.20/00 zone is expected to contain corrective pullbacks, to maintain immediate bulls, otherwise, loss of the latter to signal stronger correction into 82.87/50, Fibonacci retracement 38.2% and 50% zone.
Res: 83.73, 83.96, 84.19, 84.49
Sup: 83.18, 83.08, 82.87, 82.54
USD/CHF
Broke below 0.9550 support, to extend reversal off 0.9773, 11 Feb peak, to 0.9510, just above 0.9500, 61.8% retracement of 0.9327, 02 Feb low. Negative near-term tone looks for break below 0.9500 to signal an end of recovery attempt and focus 0.9462/20, ahead of possible full retracement of the recent ascend. At the upside, 0.9600 offers immediate resistance.
Res: 0.9581, 0.9600, 0.9638, 0.9690
Sup : 0.9500, 0.9462, 0.9420, 0.9394
Consolidates above 1.3535 after recovery from 1.3427, 14 Feb low, and 1.3461 higher low, stalled at 1.3608. Holding above 1.3535, today’s higher platform, keeps immediate focus at the upside, with clearance of 1.3608 to target 1.3620, 11 Feb low / 61.8% of 1.3743/1.3427 downleg and 1.3637, 10 Feb intraday high, break of which would open way for retest of 1.3743, key near-term lower top. Loss of 1.3535, however, delays, while below 1.3461/1.3527, key near-term supports will signal fresh extension of 1.2872/1.3860 upleg correction.
Res: 1.3590, 1.3608, 1.3620, 1.3637
Sup: 1.3550, 1.3535, 1.3475, 1.3460
GBP/USD
Trades in a corrective / consolidative mode after pullback from 1.6277, 03 Feb fresh high, found support at 1.5957. Upside remains capped at 1.6170/84 for now, with break here required to open 1.6277/97, key resistance zone, and clearance here to resume broader recovery from 1.4230, May 2010 yearly low. 1.5985/57, recent range bottom, offers initial support and while trading above here, near-term focus remains at the upside. Break below 1.5957 would weaken the structure and expose 1.5821/1.5750 lows, near-term.
Res: 1.6145, 1.6170, 1.6184, 1.6228
Sup: 1.6112, 1.6075, 1.6057, 1.5985
USD/JPY
Break above 83.67 resistance has extended recovery from 81.10, 04 Feb yearly low, to test 84.00 zone so far, ahead of key short-term resistance area at 84.39/49, break of which is needed to trigger fresh recovery phase from 80.24, Nov 2011 15-year low and expose 85.40/90 next. At the downside, 83.20/00 zone is expected to contain corrective pullbacks, to maintain immediate bulls, otherwise, loss of the latter to signal stronger correction into 82.87/50, Fibonacci retracement 38.2% and 50% zone.
Res: 83.73, 83.96, 84.19, 84.49
Sup: 83.18, 83.08, 82.87, 82.54
USD/CHF
Broke below 0.9550 support, to extend reversal off 0.9773, 11 Feb peak, to 0.9510, just above 0.9500, 61.8% retracement of 0.9327, 02 Feb low. Negative near-term tone looks for break below 0.9500 to signal an end of recovery attempt and focus 0.9462/20, ahead of possible full retracement of the recent ascend. At the upside, 0.9600 offers immediate resistance.
Res: 0.9581, 0.9600, 0.9638, 0.9690
Sup : 0.9500, 0.9462, 0.9420, 0.9394