Post Reply
1-1 of 1
EUR/USD
Extends near-term recovery phase off 1.1875, 2010 low, posted 07 Jun, with fresh high of 1.2468 reached earlier today. A higher platform at 1.2350 now underpins advance for a push to 1.2525/1.2560. Under 1.2350/39 would shift focus lower and expose 1.2240, 17 Jun low.
Res: 1.2410, 1.2468, 1.2485, 1.2525
Sup: 1.2339, 1.2315, 1.2240, 1.2162
http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100621135647.gif
GBP/USD
Continues to trade within the hourly rising wedge, with scope now seen for fresh gains towards 1.4965, wedge resistance. Potential break here would expose 1.5000/50 next, while 1.4771 underpins. Medium-term outlook, however, keeps return to 1.4230 favored.
Res: 1.4885, 1.4935, 1.5005, 1.5054
Sup: 1.4771, 1.4747, 1.4718, 1.4644
http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100621135623.gif
USD/JPY
Accelerated decline off 92.10, 14 June lower top, after break below triangle support at 91.08, to hit fresh low of 90.22 today. Strong recovery emerged, clearing 91.07, en-route to 91.49/81, strong resistance area. Break here is needed to confirm higher low and resume gains towards 92.10.
Res: 91.49, 91.81, 91.95, 92.10
Sup: 90.22, 89.80, 89.21, 88.95
http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100621135557.gif
USD/CHF
Declines off the 1.1730, 01 Jun yearly high, extend through 1.1060/36 supports, to target next extension at 1.0924, with 1.0995 seen so far. Recovery attempt now under way, with 1.1092 been dented, but clear break here and through 1.1249 to signal stronger recovery. Otherwise, risk remains for lower top, ahead of fresh weakness.
Res: 1.1154, 1.1249, 1.1290, 1.1348
Sup: 1.1007, 1.0995, 1.0924, 1.0840
