EUR/USD
Surged through key 1.4027 resistance to extend gains through 1.4100 barrier, reaching 1.4121 so far. Shallow correction followed, with fresh push above 1.4121 to target 1.4195, 25 Jan high. Overbought daily studies see scope for correction, with 1.3911/1.3774 support area expected to hold dips to keep near-term bulls in play.

Res: 1.4086, 1.4106, 1.4121, 1.4180
Sup: 1.4008, 1.4000, 1.3953, 1.3911




GBP/USD
Extended strength off 1.5754, breaking through 1.6016, to reach 1.6065, just ahead of 1.6070 target. Further gains look for test of 1.6180, 29 Jan high, with 1.6250 seen on a break. Downside, 1.5970/45 offers immediate support, ahead of key near term support at 1.5870 (61.8%).

Res: 1.6050, 1.6065, 1.6070, 1.6100
Sup: 1.5970, 1.5945, 1.5907, 1.5870





USD/JPY
Extends losses through 81.37, previous low to complete a three-day pennant, and post fresh 15-year low at 80.88 yesterday. Correction higher is so far capped by 81.66, with fresh weakness through 80.88 to expose 79.75, 1995 all-time low. Only break above 82.00/34 would ease immediate bear pressure.

Res: 81.66, 81.83, 82.00, 82.34
Sup: 80.88, 80.50, 80.00, 79.75





USD/CHF
Maintains negative structure after breaking below previous low at 0.9553, to hit fresh all-time low at 0.9461 yesterday. Correction is under way, with 0.9565/0.9607 expected to cap, as major bear flag on daily chart continues to project further losses.

Res: 0.9565, 0.9607, 0.9640, 0.9726
Sup: 0.9509, 0.9461, 0.9400, 0.9350