EURUSD
Underwent 1.4795/1.4845 band consolidation after reaching 1.4862 high on 22 Feb, with today’s dip to 1.4778 seen prior to fresh advance. Clearance of 1.4862 has so far reached 1.4888, en-route to 1.4900/16, next target and possible test of 1.4953, yearly high. Downside, 1.4778/57 expected to contain dips.
Res: 1.4888, 1.4900, 1.4916, 1.4953
Sup: 1.4790, 1.4778, 1.4757, 1.4729
GBPUSD
Bounce from 1.9361 fully retraced 1.9737/1.9361 downleg, with clearance of 1.9737 barrier reaching 1.9752 so far, just under 1.9761, 05 Feb high. Scope is now seen for upside test of 1.9761, break of which would open 1.9786/1.9824 next. Overbought hourly studies see risk of correction, with 1.9642/14 offering initial support.
Res: 1.9761, 1.9786, 1.9824, 1.9850
Sup: 1.9707, 1.9700, 1.9642, 1.9614
USDJPY
Remains in a near-term downtrend, following an upside rejection at 108.60 on 14 Feb. Losses have so far reached 106.73 low on 22 Feb, ahead of upside attempt that stalled at 108.21, also marking trendline resistance off 108.60. Subsequent pullback has dented 107.59 support to reach 107.53 today. Dips need to hold above 107.44/22 to keep alive immediate bears, with upside regain of 108.08/22 resistance, needed to sustain gains for fresh attempt at 108.36/60.
Res: 107.98, 108.08, 108.22, 108.36
Sup: 107.44, 107.22, 106.99, 106.73
USDCHF
Continues to descend after gains from 1.0728, all-time low were capped by 1.1106 on 13 Feb, with series of lower tops off there bringing bears into control. Break below 1.0865, 21 Feb low, has triggered fresh losses to 1.0835 on 22 Feb, retracing over 61.8% of 1.0728/1.1106 upleg, ahead of correction higher. Market reached 1.0928 , ahead of decline back to 1.0835. Clearance here is needed to confirm lower top at 1.0928 for fresh push lower towards 1.0758/28 zone.
Res: 1.0884, 1.0916, 1.0934, 1.0961
Sup: 1.0835, 1.0800, 1.0758, 1.0728