EUR/USD

Short-term remains rangebound with initial signs of exhaustion following the earlier breaj out of a four hour rising channel. Regaining 1.3236/40 will hint at renewed strength. Below 1.3119 signals a pullback to 1.3054/1.2980.

Res: 1.3242, 1.3262, 1.3300, 1.3365
Sup: 1.3107, 1.3090, 1.3054, 1.3027




GBP/USD

Yesterday's failure to follow through on an hourly head and shoulders top has turned the outlook short-term bullish with scope for a re-test of the recent high at 1.5968. Blw 1.5820 defers. Region remains good for l-term shorts.

Res: 1.5925, 1.5945 1.5968, 1.6010,
Sup: 1.5820, 1.5780, 1.5761, 1.5723




USD/JPY

A further leg higher is anticipated in a potential corrective cycle off the recent annual low at 85.32. A possible higher low is in place at yesterday's 85.71 for a return to 86.46 initially. Below 85.71 defers.

Res: 86.23, 86.35, 86.46, 86.89
Sup: 85.00, 85.32, 85.56, 85.70




USD/CHF

Wednesday's push over 1.0477 suggests a short term base may be in place. While over 1.0413 a continuation of the near-term recovery is favoured towards 1.0580 before a possible lower high may form.

Res: 1.0519, 1.0555, 1.0565. 1.0580
Sup: 1.0413, 1.0390, 1.0381, 1.0348