Today's Market Outlook

EURUSD

Fresh strength has emerged from 1.3620 support, clearing 1.3678/1.3703 resistance zone, en-route to 1.3787, possibly to test 1.3798, range upper limit. Break there is required to resume recovery and expose 1.3838, then 1.3886, 09 Feb high / 02 Feb low.

Res: 1.3735, 1.3787, 1.3798, 1.3838
Sup: 1.3678, 1.3654, 1.3620, 1.3595

GBPUSD

Continues to trend higher after finding support at 1.4871 higher low, with the latest strong rally, now focusing 1.5194, 08 Mar high. Break there will increase possibilities for attempt towards 1.5345, while early rejection risks lower top instead.

Res: 1.5135, 1.5194, 1.5210, 1.5235
Sup: 1.5024, 1.5013, 1.4990, 1.4920

USDJPY

Remains constructive off 88.13, 04 Mar low. Consolidation under 90.75/83, 12/10 Mar highs respectively, is forming a likely continuation for an extension higher to test 91.35, falling trendline drawn off 93.75. 90.33/20 supports immediate advance.

Res: 90.73, 90.81, 91.00, 91.30
Sup: 90.31.90, 15, 89.80, 89.62

USDCHF

Fresh weakness off 1.0810 lower top have tripped 1.0647/48 lows, highlighting current area top pattern breakout to risk initial 1.0609. Back over 1.0810, however, will suggest current consolidation instead.

Res: 1.0740, 1.0752, 1.0787, 1.0808
Sup: 1.0673, 1.0645, 1.0630, 1.0607

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The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.