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EUR/USD
Continues to trade below 1.3757, fresh two-month high, hovering at 1.37 area. Immediate support at 1.3670/40 needs to hold to keep 1.3757/84 targets in play, otherwise, risk is seen of deeper correction towards 1.3573/39. Only loss of 1.3420/00 zone would signal fresh weakness and expose key support at 1.3245.
Res: 1.3744, 1.3757, 1.3784, 1.3800
Sup: 1.3678, 1.3636, 1.3573, 1.3539
http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20110128144124.gif
GBP/USD
Recovery attempt from 1.5750, 25 Jan higher platform, stalled on approach to 1.6016 resistance at 1.5989. Reversal has so far found support at 1.5852, though fresh gains from here so far unable to regain 1.5989. Break through 1.5965/89 is needed to resume recovery, while loss of 1.5850/40 support zone would signal return back to 1.5750.
Res: 1.5965, 1.5989, 1.5910, 1.5936
Sup: 1.5852, 1.5841, 1.5819, 1.5768
http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20110128144044.gif
USD/JPY
Broke below 82.50 support to fully retrace the recent 82.00/83.20 rally. 82.10/00 zone, trendline support / previous low, have so far contained the latest dip, though break below 82.00/81.84 would signal an end of recovery phase from 80.92 and turn immediate focus lower. Upside, regain of 83.00/20 zone is needed to spark fresh rally towards 83.45/67, key near-term resistances.
Res: 82.60, 82.92, 83.07, 83.20
Sup: 82.10, 81.97, 81.84, 81.67
http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20110128144015.gif
USD/CHF
Continues to trend lower after recovery attempt from 0.9301, historical low, failed at 0.9782, and subsequent reversal almost fully retraced the recent 0.9301/0.9782 upleg, reaching 0.9388 thus far. Pair is currently trading in a narrow consolidative range, with bounces higher seen limited by 0.9520 zone, ahead of fresh attempt at 0.9301. Above 0.9520 to trigger recovery, though clearance of 0.9620/85 needed to re-focus 0.9782.
Res: 0.9468, 0.9480, 0.9493, 0.9520
Sup: 0.9418, 0.9401, 0.9388, 0.9365
http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20110128143940.gif
