EUR/USD
Has accelerated advance following last Friday's minor bull pennant breakout to extend upswing from 1.5611 higher low, 07 July, which took out prior 1.5910 high, 03 July. Further rise is set to test April's record high at 1.6020 and 1.6050 zones. Pullback for now seeks a swing low over 1.5805/00 while 60-hour/10-day MA bull crossover beckons.
Res: 1.5978, 1.6002, 1.6020, 1.6050
Sup: 1.5876, 1.5836, 1.5795, 1.5765
USD/JPY
Has broken sharply out of past 4-day triangle consolidation instead to breach last Tuesday's 106.25 pivotal support. Faint lower rejection of 7-week bull trendline near last Friday's 105.66 low however sets up recovery bounce while regaining 106.90/107.00 is needed to avert downside risk for an initial 107.30 return. Below 105.66 exposes 105.23/104.99.
Res: 106.79, 106.90, 107.35, 107.45
Sup: 106.25, 105.96, 105.66, 105.45
GBP/USD
Retraced almost 61.8% of the 1.9409/2.0008 rise 13 Jun/01 Jul at Monday's 1.9649 low, from where a two-legged recovery to 1.9797 & 1.9836 was followed by a setback to 1.9712. The bounce from there has stalled just shy of former resist at 1.9797, this must be cleared to avert the risk of a lower top triggering a return to 1.9649/66 in favour of 1.9836/71 possible 1.9888-1.9915
Res: 1.9836, 1.9849, 1.9871, 1.9888
Sup: 1.9797, 1.9749, 1.9706, 1.9693
USD/CHF
Failed to maintain bullish footing above 1.0219 higher low, 07 July, while extending pullback from 1.0353,09 July. This reaffirms short-term bear presence with risk set towards 1.0112, 03 Jul, and scope for further decline towards 0.9997, 22 April low, approximately 61.8% of .9630/1.0625 rise. Recovery for a swing high towards 10-day MA near 1.0242 and 1.0260 region..
Res: 1.0219, 1.0242, 1.0258, 1.0278
Sup: 1.0130, 1.0112, 1.0100, 1.0040