EURUSD
LONG TERM – BEARISH, MEDIUM TERM – BULL RANGE, SHORT TERM – TOPPING?
SUPPORT – .8890 (Fib support) .8855 (prev low/trendline) .8735 (prev low)
RESISTANCE - .8945 (overlap) .8980 (trend line) .9015 (interim high) .9045 (prev high)
TRADE STRATEGY –Sell at .8925 risking .8970 targeting .8855
USDCHF
LONG TERM – BULLISH, MEDIUM TERM - BULL RANGE, SHORT TERM – BASING?
SUPPORT – 1.6500/1.6480 (38/50% Fib) 1.6370 (prev low) 1.6225 (50% Fib) 1.6095 (62% Fib)
RESISTANCE – 1.6640 (interim high) 1.6675 (trend line) 1.6720 (interim high) 1.6775 (prev high)
TRADE STRATEGY – Buy at 1.6490 risking 1.6435 targeting 1.6665
USDJPY
LONG TERM – BULLISH, MEDIUM TERM – WAVE 2 MAY BE COMPLETE - BULLISH, SHORT TERM – RANGE
SUPPORT – 123.55 (interim support) 122.70 (38% Fib/low) 122.15 (50% Fib) 121.55 (62% Fib)
RESISTANCE – 124.55 (Key prev high) 125.10 (trendline) 126.15 (prev high)
TRADE STRATEGY – Neutral.
GBPUSD
LONG TERM - BEARISH, MEDIUM TERM – BASE OF RANGE – BULLISH, SHORT TERM – WARY BULLS
SUPPORT – 1.4190 (Mon’s low) 1.4165 (overlap) 1.4060 (interim low)
RESISTANCE –1.4300 (38% Fib) 1.4360 (base pattern projection and 50% Fib) 1.4435 (62% Fib)
TRADE STRATEGY – Neutral
EURGBP
LONG TERM – BULLISH, MEDIUM TERM - BULL RANGE , SHORT TERM – RANGE
SUPPORT - .6240 (trend line) .6210 (consol lows) .6170 (interim support and 50% Fib)
RESISTANCE – .6300 (prev high) .6345 (interim high) .6365 (prev high)
TRADE STRATEGY – Neutral
EURJPY
LONG/MEDIUM TERM – BULLISH, SHORT TERM – CLOSE TO A TOP
SUPPORT – 110.15 (Mon’s low) 109.40 (interim supp) 109.00 (channel bottom) 108.65 (prev low)
RESISTANCE – 110.80/90 (prev highs) 111.10 (channel top) 111.75 (prev high)
TRADE STRATEGY – Sell at 111.10 risking 111.80 targeting 110.10
EURCHF
LONG TERM - BEARISH, MEDIUM TERM – BEARISH, SHORT TERM – BULLISH
SUPPORT – 1.4705 (Tue low) 1.4670/60 (38% Fib) 1.4625 (overlap) 1.4575 (congestion lows)
RESISTANCE – 1.4765 (interim high) 1.4790 (recent high) 1.4830 (76% Fib)
TRADE STRATEGY – Neutral