EUR/USD

Maintains weak tone from 1.3691/1.3677 area, with 1.3520 low reached yesterday, ahead of a bounce that left a lower ceiling at 1.3583. The latest break below 1.3520 and 1.3496 looks for further weakness to 1.3445, possibly 1.3340 on a break. Near- term, extension to 1.3340 is likely, as medium-term structure remains negative.

Res: 1.3595, 1.3650, 1.3677, 1.3691
Sup: 1.3496, 1.3459, 1.3445, 1.3410





GBP/USD

Three legged consolidation off the recent high at 1.5523 may be completed, with scope now for a swing higher to complete the recovery off 1.4780, annual low. Only loss of 1.5335/15 to weaken the structure and allow stronger correction..

Res: 1.5472, 1.5484, 1.5500, 1.5520
Sup: 1.5365, 1.5335, 1.5315, 1.5265




USD/JPY

Testing 92.56, 16 Apr low, after an upside failure to breach 93.79. Structure remains corrective off 94.78, 05 Apr high. Strong support stands at 92.26/11 and this should buoy a fresh push higher. Break above 93.17 firms for 93.78.

Res: 93.17, 93.70, 93.78, 94.25
Sup: 92.52, 92.26, 92.11, 92.75




USD/CHF

Rallies higher, after decline from 1.0784, 08 Apr high, found base at 1.0500 zone. Yesterday’s higher low at 1.0555 now supports, with fresh break through 1.0615, now looking for recovery extension to 1.0655/86.

Res: 1.0615, 1.0655, 1.0686, 1.0713
Sup: 1.0555, 1.0500, 1.0487, 1.0433