Support & Resistance for EURGBP

R5 0.7875 2015 high
R4 0.7830 13 Jan 2015 high
R3 0.7800 figure, Nov 2014 low
R2 0.7766 * Sep 2014 low
R1 0.7700 figure
S1 0.7617 21 Jan low
S2 0.7583 * 19 Jan low
S3 0.7555 11 Jan high
S4 0.7500 * figure
S5 0.7443 * 11 Jan low

Rotating lower from the 0.7745/66 resistance to reach 0.7617 low. Below this will see scope to the 0.7600 level then the 0.7583 support and where break will swing focus lower to correct the strong up-leg seen in the new year to the 0.7500 level. Resistance now at the 0.7700 level then 0.7745/66 area.

How to trade support & resistance levels

Support & Resistance for USD/JPY

R5 119.70 5 Jan high
R4 118.83 * 8 Jan high
R3 118.38 * 13 Jan high
R2 118.11 * 19 Jan high
R1 117.69 20 Jan high

S1 116.51 15 Jan low
S2 115.98 20 Jan low
S3 115.86 * Jan 2015 yr low
S4 115.57 * Dec 2014 low
S5 115.31 13 Nov 14 low

Staging recovery from the 115.98 low though the upside still limited and only rally to clear the 118.00/38 resistance will fade the downside pressure. Below the 116.00 level will expose important support at the 115.86/57 lows, below which will trigger a 13-mth top pattern and see deeper decline.

How to trade support & resistance levels

Support & Resistance for EUR/USD

R5 1.1140 23 Oct high
R4 1.1105 23 Sep low
R3 1.1087 * 3 Sep low, break
R2 1.1060 * 15 Dec high
R1 1.0993 28 Dec high

S1 1.0855 15 Jan low
S2 1.0835 14 Jan low
S3 1.0805 * 13 Jan low
S4 1.0771 7 Jan low
S5 1.0711 * 5 Jan low

Extending bounce from the 1.0860 low and see scope to retest the 1.0985/93 highs. Lift over these and the 1.1000 level will see return to the 1.1060, Dec high. Support now at 1.0855 then the 1.0835/05 area. Only below the 1.0800 level will weaken and return focus to the 1.0711 low

How to trade support & resistance levels

Support & Resistance for GBP/USD

R5 1.4445 14 Jan 2016 high
R4 1.4428 15 Jan 2016 high
R3 1.4352 12 Jan 2016 low
R2 1.4325 intraday level
R1 1.4280 intraday level

S1 1.4228 ** 20 May 2010 low
S2 1.4110 * 30 Mar 2009 low
S3 1.4000 figure
S4 1.3958 2 Mar 2009 low
S5 1.3844 * 18 Mar 2009 low

View unchanged from this morning with the sharp decline last Friday below the 1.4352 support setting the bigger downmove from 1.4970 high back in motion with bears now eyeing lower support at 1.4228 ahead of 1.4110. Intraday trade to remain suppressive.

How to trade support & resistance levels

SUPPORT & RESISTANCE FOR EUR/USD

R5 1.1060 * 15 Dec high
R4 1.0993 * 28 Dec high
R3 1.0970 * 11 Jan high
R2 1.0943 14 Jan high
R1 1.0900 figure

S1 1.0800 * figure
S2 1.0771 7 Jan low
S3 1.0711 * 5 Jan low
S4 1.0689 25 Nov high
S5 1.0638 27 Nov high

Push above the 1.0900 level saw the upside checked at the 1.0940/46 and keep resistance at 1.0970/93 out of reach. More ranging action seen while the caps and break needed to see strength back to retest 1.1060 high. Support is at the 1.0800 level and break needed to return focus to 1.0711 low.

How to trade support & resistance levels

Support & Resistance for GBP/USD (SIGNAL)

R5 1.4663 4 Jan low
R4 1.4645 * 8 Jan high
R3 1.4600 * figure
R2 1.4534 7 Jan low
R1 1.4494 11 Jan low

S1 1.4352 12 Jan low
S2 1.4346 * 8 Jun 2010 low
S3 1.4260 25 May 2010 low
S4 1.4228 * 2010 low
S5 1.4110 * 30 Mar 2009 low

 Struggling to hold the 1.4400 level and break here keep focus on the downside for retest of the 1.4352 low. Break here will see potential to 1.4260 then the 1.4228, 2010 low. Recent low at 1.4494 and 1.4534 now reverts to resistance and lift over these needed to trigger stronger recovery to
retrace steep drop from the Dec high.

Short at 1.4550, stop at 1.4850, profit target at 1.4250

Short at 1.4650, stop at 1.4850, profit target at 1.4250

How to trade support & resistance levels

Support & Resistance for USD/CHF

R5 1.0266 3 Dec high
R4 1.0240 * Jan 2015 high
R3 1.0200 figure
R2 1.0125 * 5 Jan high
R1 1.0073 intraday level

S1 0.9966 12 Jan low
S2 0.9881 * 11 Jan low
S3 0.9853 * 24 Dec low
S4 0.9811 16 Dec low
S5 0.9786 * 14 Dec low

Bounce from the 0.9881 low to regain parity level seeing follow-through above the 1.0052 resistance. This clears the way for return above the 1.0100 level to retest the 1.0125 high. Bullish structure see support now at the 0.9966 then the 0.9923 and 0.9881 lows.

How to trade support & resistance levels

Support & Resistance for GBP/USD

R5 1.4786 29 Dec low
R4 1.4727 31 Dec low
R3 1.4663 4 Jan low
R2 1.4645 * 8 Jan high
R1 1.4600 figure

S1 1.4494 11 Jan low
S2 1.4394 9 Jun 2010 low
S3 1.4346 * 8 Jun 2010 low
S4 1.4260 25 May 2010 low
S5 1.4228 * 20 May 2010 low

Pressure stays on the downside and rejection from the 1.4604 high yesterday see scope to retest the 1.4500 level then the 1.4494 low. Clear break here will see further decline to 1.4394 and 1.4346 then the 1.4228, 2010 low. Would need lift over the 1.4600 level and 1.4645 ease downside pressure and see stronger bounce.

How to trade support & resistance levels

SUPPORT & RESISTANCE FOR EUR/USD

R5 1.1140 23 Oct high
R4 1.1087 * Sep low, break
R3 1.1060 * 15 Dec high
R2 1.1045 200-day MA
R1 1.0993 * 28 Dec high

S1 1.0853 intraday level
S2 1.0800 * figure
S3 1.0771 7 Jan low
S4 1.0711 * 5 Jan low
S5 1.0689 25 Nov high

Strong start to the week seeing extension of the rally from 1.0711 low last week with break above the 1.0940/46 area shifting focus to the 1.1000 level next. Beyond this will see the 200-day MA coming into play at 1.1045 then strong resistance area at 1.1060/87. Support now at the 1.0853 then 1.0800 level.

How to trade support & resistance levels

SUPPORT & RESISTANCE FOR EUR/USD

R5 - 1.1010 16 Dec high
R4 - 1.0993 * 28 Dec high
R3 - 1.0946 * 4 Jan high
R2 - 1.0900 figure
R1 - 1.0853 31 Dec low

S1 - 1.0773 intraday level
S2 - 1.0711 * 5 Jan low
S3 - 1.0689 25 Nov high
S4 - 1.0638 27 Nov high
S5 - 1.0600 figure

Recovery from the 1.0711/16 lows to regain the 1.0800 level fades downside pressure and triggers stronger push towards the 1.0853 resistance. Beyond this will see scope to retest the 1.0900 level and 1.0946 high. Support now at 1.0773 then the 1.0711 low.