EUR/USD

Fresh strength has emerged from a 3-day bull pennant, en-route to 1.3332, key resistance level. Break here open way for a continuation of short-term uptrend off 1.1875 and expose 1.3365, 03 May, possibly 1.3417/22, 27/22 Apr highs. Downside, 1.3156 should contain corrective dips.

Res: 1.3332, 1.3365, 1.3417, 1.3422
Sup: 1.3250, 1.3232, 1.3200, 1.3156





GBP/USD

Yesterday’s downside rejection at 1.5502 has triggered a fresh rally, to nearly fully retrace the latest 1.5728/1.5502 downleg. Clearance of 1.5728 is needed to resume correction off 1.5295 higher low and expose 1.5820 next. Failure under 1.5728, however, risks lower top and fresh weakness towards 1.5502.


Res: 1.5728, 1.5760, 1.5820, 1.5860
Sup: 1.5600, 1.5585, 1.5569, 1.5535





USD/JPY
Continues to move lower after completing the latest 82.86/85.92 ascend, with market’s renewed attempt at 84.72 now under way. Loss of the latter will focus 84.48/36 next, with retest of 82.86 not ruled out. Upside, reclaim of 85.92 would signal fresh strength.

Res: 85.17, 85.51, 85.80, 85.92
Sup: 84.72, 84.48, 84.36, 84.05





USD/CHF

Has fully retraced the latest 0.9931/1.0181 upleg, with favored break below 0.9931 to open key medium-term pivot at 0.9916. Break here will confirm the long-term bear flag and open 0.9870 next. Upside, 0.9980/1.0014 offers immediate cap.

Res: 0.9980, 1.0014, 1.0060, 1.0073
Sup: 0.9931, 0.9916, 0.9887, 0.9870