- Joined
- Aug 24, 2010
- Messages
- 70
- Reaction score
- 0
EUR/USD
Extends correction off 1.4011, yesterday’s lower top, with break below 1.3856/32 support zone, weakening the structure and signaling stronger reversal towards 1.3797, break of which would open 1.3636, 05 Oct low. To avoid immediate downside risk, regain of minimum 1.3900 is required.
Res: 1.4011, 1.4027, 1.4100, 1.4195
Sup: 1.3797, 1.3761, 1.3680, 1.3636
GBP/USD
Extends a month-long uptrend to reach fresh high of 1.6016, ahead of consolidation. While trendline support, currently at 1.5840 holds, focus remains for retest of 1.6016, break of which would open 1.6070, 03 Feb high, next. Break below 1.5840, however, delays and opens 1.5820, then 1.5750.
Res: 1.5916, 1.5960, 1.5997, 1.6016
Sup: 1.5858, 1.5840, 1.5820, 1.5750
USD/JPY
Undergoes near-term correction after reaching a fresh 15 year low at 81.37 yesterday. Upside is seen limited by 82.34/55 and while below here, retest of 81.37 and possible extension towards 81.00 remains favored. Above 82.55, however, allow for stronger correction towards key 83.02, 07 Oct high.
Res: 82.34, 82.55, 82.71, 83.02
Sup: 81.71, 81.37, 81.00, 80.00
USD/CHF
Maintains positive tone off 0.9553, 07 Oct all-time low. Break above 0.9699, 07 Oct high is needed to confirm base and open 0.9788, 04 Oct high first, ahead of key 0.9841, 01 Oct high. Trendline support lies at 0.9612 and break here to open 0.9553 for retest.
Res: 0.9699, 0.9706, 0.9737, 0.9788
Sup: 0.9637, 0.9612, 0.9593, 0.9584
Extends correction off 1.4011, yesterday’s lower top, with break below 1.3856/32 support zone, weakening the structure and signaling stronger reversal towards 1.3797, break of which would open 1.3636, 05 Oct low. To avoid immediate downside risk, regain of minimum 1.3900 is required.
Res: 1.4011, 1.4027, 1.4100, 1.4195
Sup: 1.3797, 1.3761, 1.3680, 1.3636
GBP/USD
Extends a month-long uptrend to reach fresh high of 1.6016, ahead of consolidation. While trendline support, currently at 1.5840 holds, focus remains for retest of 1.6016, break of which would open 1.6070, 03 Feb high, next. Break below 1.5840, however, delays and opens 1.5820, then 1.5750.
Res: 1.5916, 1.5960, 1.5997, 1.6016
Sup: 1.5858, 1.5840, 1.5820, 1.5750
USD/JPY
Undergoes near-term correction after reaching a fresh 15 year low at 81.37 yesterday. Upside is seen limited by 82.34/55 and while below here, retest of 81.37 and possible extension towards 81.00 remains favored. Above 82.55, however, allow for stronger correction towards key 83.02, 07 Oct high.
Res: 82.34, 82.55, 82.71, 83.02
Sup: 81.71, 81.37, 81.00, 80.00
USD/CHF
Maintains positive tone off 0.9553, 07 Oct all-time low. Break above 0.9699, 07 Oct high is needed to confirm base and open 0.9788, 04 Oct high first, ahead of key 0.9841, 01 Oct high. Trendline support lies at 0.9612 and break here to open 0.9553 for retest.
Res: 0.9699, 0.9706, 0.9737, 0.9788
Sup: 0.9637, 0.9612, 0.9593, 0.9584
