Daily FX Forecast

EUR/USD

Resistance levels: 1.4760/1.4800/1.4850
Support levels: 1.4700/1.4610/1.4550

EUR/USD has made pullback down to 1.4700 firts Support, rebounding back towards 1.4760 our traget and previous high earlier today as it was suggested No change in our view. The break beyond 1.4780 signals for retest of 1.4965 record highs and even 1.50 psychological level in longer term There was an important Resistance near 1.4600. The break above this level resumes the upmove towards 1.4760 and even 1.4850 in longer term On downside, first immediate Support comes at 1.4700 ahead of 1.4610 key one .Look to buy on downsticks for test towards 1.4760 and 1.4850 in longer term...

Strategy-neutral.

GBP/USD

Resistance levels: 1.9630/1.9720/1.9780
Support levels: 1.9480/1.9400/1.9350

GBP/USD has recovered to 1.9600 our target earlier today after better than expected ( 0.8%) UK Retail Sales numbers We have booked 120 pip profit over our Long position earlier today. Now price meets Resistance near 1.9630 .Above leads price higher towards 1.9720 over today and tomorrow. on downside, first Support comes at 1.9480 A break below these levels again is needed for resuming the downmove towards 1.9350 weekly bottom

Holding GBP/USD Long at 1.9480, Stop-loss-1.9480( up from 1.9440) , Take profit-1.9540( 1.9600)

USD/JPY

Resistance levels: 108.30/108.50/109.00
Support levels: 107.80/107.20/106.00/104.20

USD/JPY has retested 108.30 previous highs and first Resistance earlier today once again No change in our view. The break beyond 107.80-90 area opens territory for further rally towards 109.00 and even 110.10 in longer term. Resistances at 108.30 and then 108.50 On downside, a break below 107.20 previous double bottom and key Support is needed for reversal in the trend down to 106.00 over the next trading days and 104.20 in longer term First minor Support comes at 107.80 Stay cautious Long for test beyond 108.50 towards 109.00 over the next trading sessions

Holding USD/JPY Long at 108.15, Stop-loss-107.80, Take profit-108.65( 109.20)

USD/CHF

Resistance levels: 1.1000/1.1050/1.1120
Support levels: 1.0950/1.0900/1.0870/1.0830

USD/CHF has fallen towards 1.0950 first Support earlier today Unfortunately, our Long position has been stopped at 1.0975 with small 30 pip loss. The bias remains bearish as long as price holds below 1.1000 for test towards 1.0900 bottom and even 1.0870. On the upside, a break above 1.1050 again is needed to confirm towards 1.1100-20 previous high area over today and tomorrow . On downside, first Support key comes near 1.0950 Below eases prices back towards 1.0900 and even 1.0870

Strategy-neutral.

EUR/JPY

Resistance levels: 159.50/160.00/161.00
Support levels: 159.00/157.60/156.50/155.50

The Cross has risen beyond 159.50 our target area over the last trading sessions as it was suggested On the uspide side , the break above 156.00-50 Resistance area signals for reversal higher towards 159.50 and towards 161.50 in longer term. On downside, first important Support comes near 157.60 lows now . Below eases price heavily towards 156.50 over the next couple of days. First minor Support comes near 159.00

Strategy-neutral

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