 | |  | | EUR/USD - Blasted higher to 1.2625 before recoiling and heading higher again this morning to around 1.2650. May be getting a bit ahead of itself in the very short term, but support may come in around 1.2550 with ultimate support at 1.2450. Looking higher, the EUR/USD's next target may be the 1.2740 area before later setting its sites on the 1.2900 top.
GBP/USD - GBP/USD shot up like a rocket today on positive UK retail sales and stop-running. Support now comes in at 1.8180 and resistance at 1.8450. Eventually, GBP/USD may look to challenge the 1.9100 top.
USD/CHF - Is flirting with eight-year lows around 1.2135. 1.2230 is resistance and USD/CHF may make it's way to 1.15 eventually.
USD/JPY - came unraveled overnight. The strength in JPY underlines the central bank reserves theme as JPY strengthened despite the presence of numerous, normally JPY-bearish factors, including strong oil prices, weak stock markets, and weak US data. The 107 is within sight and may be hit soon. Some kind of consolidation may follow that nonetheless may stay below 108.80 resistance, but eventually USD/JPY may zero in on the 105.00 level. At times, the going may get choppy on any Bank of Japan intervention rumors.
EUR/JPY - can't convincingly decide which way to go as it didn't follow through on the break of 136.00 support and remains in a no-man's land technically. A return through 136.50 would perhaps bring on a test of the 137.50 high, while a fall through 135.50 could bring on a test of the 134.60 low.
AUD/USD - Blasted just beyond the 0.7385 recent high in sympathy with EUR/USD before reversing sharply. Looks this may have been a premature breakout. If that is indeed the case, AUD/USD may consolidate back to the 0.7300/20 area before gathering strength for another try and a spill-over to the 0.7500 level.
USD/CAD - Has made an impressive move lower to 1.2420, but may consolidate back toward 1.2500/20 before making another try at lower levels - perhaps 1.2320 the next time around. Eventually, USD/CAD may head to 1.2000. |  |  |  |  |
|