ABN AMRO Private Bank

EUR:
The uptrend is sagging slightly and price could correct lower. However, there is still no sign of any top forming so the decline could prove limited. Only slipping below the new base at 1.3733 implies that the uptrend is starting to correct. The decline could head under 1.3704 and then reach 1.3642 to test that area as new support. On the upside, holding above 1.3733 and then clearing the recent 1.3800 high keeps prices on the path to a projected possible top at 1.4210.

JPY:
The bulls are trying to rekindle the uptrend but success only comes above the 123.68 peak. Clearing it should lead to the elimination of the massive 124.50 barrier and an extension up to 125.90. On the downside, the market should hold above 121.84 to keep the current upswing intact. Breaking below it calls for a test of the 120.58 support.

GBP:
Prices are correcting lower and could reach the 2.0244 support before rebounding. But if that support snaps then a further fall to 2.0207 can be expected before any bounce kicks in. On the upside, a push pas the last peak at 2.0319 indicates that the bigger uptrend is resuming. This should lead to a break above the 2.0365 top, which will then bring a projected possible top at 2.0675 back into focus.

EURJPY:
Prices set yet another all-time-high and remain on track to a projected possible top at 173.10. The market should now ideally hold above the spike low that formed at 167.82. A break below it will likely cause a dip down towards the 166.50 low. Only a move under that level damages the uptrend.