sdCUhf Markets seem

EurUsd The bearish double top formation scenario seems to be loosing momentum, and the pair is again heading towards 1.50 levels. A break above 26thOct High at 1.5062, for further bullishness targeting 1.52 –1.53 area. Support for pullbacks is located around the 1.4810/50 area.

GbpUsd After the 300 pips fall from 1.6842 the pound was able to find support at the uptrend line which rejected further fall in the pair. This indicates that further bullishness could be seen in the near term testing 1.6842 resistance (,9thNov High), and a break above could lead the pair to a test for 1.70 area.

UsdJpy The USDJPY pair tested the upper part of the declining triangle, were strong resistance there rejected further appreciation. We expect further pair consolidating within the triangle back to 90.05. Failure to hold above 89.30 will be looking for support at 88.85

sdCUhf Markets seem to be demanding a test of parity. USDCHF pair had made the inverse formation to that of EUR/USD pair “Double Bottom”. Again the Swiss Franc strengthened upon reaching resistance level at 1.0190 diminishing the double bottom bearish reversal scenario, 1.0034 would be a critical key support, where a break below could send the pair below 1.00 psychological support. EurUsd The bearish double top formation scenario seems to be loosing momentum, and the pair is again heading towards 1.50 levels. A break above 26thOct High at 1.5062, for further bullishness targeting 1.52 –1.53 area. Support for pullbacks is located around the 1.4810/50 area.

GbpUsd After the 300 pips fall from 1.6842 the pound was able to find support at the uptrend line which rejected further fall in the pair. This indicates that further bullishness could be seen in the near term testing 1.6842 resistance (,9thNov High), and a break above could lead the pair to a test for 1.70 area.

UsdJpy The USDJPY pair tested the upper part of the declining triangle, were strong resistance there rejected further appreciation. We expect further pair consolidating within the triangle back to 90.05. Failure to hold above 89.30 will be looking for support at 88.85

UsdChf Markets seem to be demanding a test of parity. USDCHF pair had made the inverse formation to that of EUR/USD pair “Double Bottom”. Again the Swiss Franc strengthened upon reaching resistance level at 1.0190 diminishing the double bottom bearish reversal scenario, 1.0034 would be a critical key support, where a break below could send the pair below 1.00 psychological support.