EUR/USD
Remains in a range trade, with yesterday’s bounce just above 1.3529 support, seeing fresh attempt at 1.3675, trendline resistance. Clear break there would open way towards 1.3703/35 higher levels of the range.
Res: 1.3680, 1.3690, 1.3703, 1.3735
Sup: 1.3595, 1.3575, 1.3543, 1.3529
GBP/USD
Extends bounce from 1.4871, yesterday’s higher low, currently probing 1.5014 resistance, ahead of possible attempt at 1.5194, 08 Mar high. Break there is required to resume near-term recovery towards 1.5315/35. Failure under 1.5194, however, risk lower top for fresh weakness, though, while 1.4880/70 holds, near-term tone remains positive.
Res: 1.5014, 1.5068, 1.5112, 1.5167
Sup: 1.4945, 1.4920, 1.4871, 1.4780
USD/JPY
Recovery phase off 88.13, 04 Mar low, extends from the swing low at 89.63, confirmed by the latest break above 90.67, 08 Mar high to reach 90.81 thus far. Further strength targets 91.30 then 91.90. Only loss of 89.62/45 would pivot market back to test 88.14.
Res: 90.81, 91.00, 91.30, 91.45
Sup: 90.15, 89.80, 89.62, 89.45
USD/CHF
Upside attempt failed just under 1.0802, with fresh weakness now threatening 1.0683/73, break of which will expose 1.0645, range low, then 1.0607, 09 Feb low. To avoid immediate downside risk, minimum 1.0808 must me regained. This would open way for further recovery towards 1.0930/1.1020.
Res: 1.0740, 1.0752, 1.0787, 1.0808
Sup: 1.0673, 1.0645, 1.0630, 1.0607
Remains in a range trade, with yesterday’s bounce just above 1.3529 support, seeing fresh attempt at 1.3675, trendline resistance. Clear break there would open way towards 1.3703/35 higher levels of the range.
Res: 1.3680, 1.3690, 1.3703, 1.3735
Sup: 1.3595, 1.3575, 1.3543, 1.3529
GBP/USD
Extends bounce from 1.4871, yesterday’s higher low, currently probing 1.5014 resistance, ahead of possible attempt at 1.5194, 08 Mar high. Break there is required to resume near-term recovery towards 1.5315/35. Failure under 1.5194, however, risk lower top for fresh weakness, though, while 1.4880/70 holds, near-term tone remains positive.
Res: 1.5014, 1.5068, 1.5112, 1.5167
Sup: 1.4945, 1.4920, 1.4871, 1.4780
USD/JPY
Recovery phase off 88.13, 04 Mar low, extends from the swing low at 89.63, confirmed by the latest break above 90.67, 08 Mar high to reach 90.81 thus far. Further strength targets 91.30 then 91.90. Only loss of 89.62/45 would pivot market back to test 88.14.
Res: 90.81, 91.00, 91.30, 91.45
Sup: 90.15, 89.80, 89.62, 89.45
USD/CHF
Upside attempt failed just under 1.0802, with fresh weakness now threatening 1.0683/73, break of which will expose 1.0645, range low, then 1.0607, 09 Feb low. To avoid immediate downside risk, minimum 1.0808 must me regained. This would open way for further recovery towards 1.0930/1.1020.
Res: 1.0740, 1.0752, 1.0787, 1.0808
Sup: 1.0673, 1.0645, 1.0630, 1.0607