EUR/USD
Drifting within a narrow range above the 1.0569 low with consolidation threatening a bear flag on daily chart. Break of the 1.0569 low will see scope to 1.0524 and 1.0458, lows of 2015. Resistance starts at 1.0666 and lift over this needed to trigger stronger recovery to retrace recent steep fall from 1.1300 level. [PL]
USD/CHF
Pressure stays on the upside and clear break above the 1.0100 level see scope to target the 1.0156 and 1.0200 level next. Beyond this will see the 1.0240 and 1.0257 highs coming into play. Would take setback below 1.0060 support to ease upside pressure and see deeper pullback. [PL]
USD/JPY
Pressure stays on the upside though the May high at 111.45 still intact. Clearance will see scope to target the 112.00 level and 112.45. However, divergence on intraday tools caution pullback with support at 110.00/109.80 area to watch as break will swing focus lower to retrace strong rally from the 101.20 low. [PL]
EUR/CHF
Pressure stays on the upside though the May high at 111.45 still intact. Clearance will see scope to target the 112.00 level and 112.45. However, divergence on intraday tools caution pullback with support at 110.00/109.80 area to watch as break will swing focus lower to retrace strong rally from the 101.20 low. [PL]
GBP/USD
Failed to sustain probes above the 1.2500 and setback see the 1.2302 support to watch. Below this will see deeper pullback to the 1.2206 support. Would need lift over the 1.2529 resistance to clear the way for retest of the 1.2674 high and see possible extension of the broader recovery from the 1.1841 low. [PL]
EUR/GBP
No follow-through on break of the .8500 level with downside checked at .8489 low so far. However, the downside still vulnerable and see risk for break to target the .8468 and .8420 support. Upside see resistance at the .8600/39 area and lift over this area needed to ease downside pressure. [PL]
USD/JPY: Pressure Stays On The Upside Though The May High At 111.45 Still Intact
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