EUR/USD

Resumes bear-trend after brief consolidation above 1.3000 mark, with upside capped at 1.3060. Loss of the last barrier at 1.2968, 28 Nov 2010 low, opens way towards 1.2900 and next key support at 1.2872, 2011 low, posted on 09 Jan. Near-term studies remain deeply in the negative territory.

Res: 1.3000, 1.3063, 1.3100, 1.3160
Sup: 1.2964, 1.2900, 1.2872, 1.2800




GBP/USD

Turns the near-term focus lower after corrective attempt from 1.5449, yesterday’s low, faced strong barrier at initial resistance at 1.5530. Fresh weakness briefly below 1.5449 would signal test of key short-term support at 1.5422, below which to focus 1.5328 and year’s low at 1.5271. Only bounce above 1.5600 would ease immediate bear pressure and signal hourly double bottom pattern..

Res: 1.5500, 1.5535, 1.5550, 1.5560
Sup: 1.5446, 1.5422, 1.5400, 1.5328





USD/JPY

Maintains positive near-term tone, as the pair breaks above initial barriers at 78.00/10. Holding above here keeps the focus higher for retest of 78.27, next resistance, with extension towards 79.00 seen on a break. 20 day SMA on 4H chart at 77.85, underpins, while only break below 77.63 would soften the near-term structure.

Res: 78.14, 78.27, 78.44, 79.00
Sup: 77.85, 77.63, 77.48, 77.28





USD/CHF

Probes levels above 0.9500 barrier, with firm break here to signal further extension of broader uptrend from 0.8566, 27 Oct higher low and expose 0.9600, with significant barriers at 0.9750/70 zone. From the other side, daily studies are approaching oversold zone that may signal stronger correction. Strong supports lie at 0.9400/0.9385.

Res: 0.9504, 0.9546, 0.9600, 0.9650
Sup: 0.9430, 0.9400, 0.9385, 0.9340