EUR/USD
Resistance levels: 1.4630/1.4670/1.4750
Support levels: 1.4540/1.4500/1.4420
EUR/USD has fallen down to 1.4544 low earlier today on the absence of fundamental news today. .No change in our view The uptrend remains intact for further upmove towards 1.4750 and 1.4780 in longer term First Resistance comes around 1.4630 ahead of 1.4660-70 crucial area. On downside, as long as price is below 1.4660 further pullback down to first important Support at 1.4420 .may be seen over the next trading days .
Strategy-neutral.
GBP/USD
Resistance levels: 2.0800/2.0880/2.1000
Support levels: 2.0660/2.06000/2.0500
GBP/USD has fallen heavily down below 2.0700 over the last trading days as market looks tired . The bias is bearish currently in shirt and mid term for further pullback down towards 2.0500 in longer term.First strong Support comes around 2.0660-50 region. On the upside, a break above 2.0880 again is needed for resuming the uptrend towards 2.1160 and higher. First Resistance comes around 2.0800.
Strategy-neutral.
USD/JPY
Resistance levels: 110.30/110.70/112.00
Support levels: 109.00/108.50/108.00
USD/JPY has dropped heavily further down towards 109.00 our longer ter target over the last trading session exactly as it was suggested No change in our view. On downside, the bias remains bearish for test below 109.00 previous low towards 108.00 . First minor Support comes around 109.00 On the upside, first minor Resistance comes at 110.30 ahead of 110.70 key one However, a break above 110.70 key Resistance level is needed for correction towards 112.00 . Look to sell on pullback for test of 109.00and 108.00 in longer term
Strategy-neutral.
USD/CHF
Resistance levels: 1.1280/1.1350/1.1400
Support levels: 1.1240/1.1200/1.1160
USD/CHF has recovered to 1.1280 earlier today No change in our view. The bias remains bearish as long as price is below 1.1300 first immediate Resistance for further downmove towards 1.1200 and 1.1160 in mid term First minor Support comes at 1.1240 On the upside, as long as price holds above 1.1240 first Support squeeze towards 1.1340-50 area over the next trading session may be seen . Look to sell again on pullback for test towards 1.1200 and 1.1160..
Strategy-neutral.
EUR/JPY
Resistance levels: 160.70/161.40/162.20
Support levels: 159.00/158.50/157.70
The Cross has dropped heavily directly to 159.00 ( below 161.50 our target) over the last trading sessions as it was suggested No change in our view. The bias has turn into bearish for further downmove for test of 157.70 key Support over the next trading days. Below opens territory for test of 155.20 later this week. First minor Support comes around 159.00 daily bottom On the other side, first immediuate Resistance comes around 160.70 ahead of 161.40 stronger one. Look to sell on pullback for test towards 157.70
Strategy-neutral.
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