EURUSD

Intraday EUR/USD: The strong upward bias continues, and is looking to regain a foothold above 1.3800, from which to open the March 17 lower high at 1.3819. The 61.8%
retracement level of the 1.5145/1.1876 decline lies above there at 1.3896, and is the last line of defence protecting the psychologically important 1.4000 level. There is consolidation
risk to the 1.3640 support area, which is protected by 1.3675, but corrective weakness is limited at this stage.

Weekly chart EUR/USD trend: Bullish.



Intraday USD/JPY: The corrective recovery off Friday's marginal low at 83.15 will struggle, and is likely to be limited to resistance at 84.12. 84.12 represents former range lows that
have reverted to resistance, and has become a short-term pivotal level. In accordance with the dominant bear trend, the greater risk is for a break below 83.15, prompting further
weakness towards the mid-Sep. 15-year low at 82.87.

Weekly chart USD/JPY trend: Bearish.



Intraday GBP/USD: The tone remains bearish following Friday's cap at 1.5870, and support at 1.5745 is likely to be tested. The setback off the September 30 reaction high at 1.5923
defines the near-term tone, and a break below 1.5745 is favoured, putting the spotlight back onto the September 30 low at 1.5671. Only a break above 1.5870 would question the
bearish outlook, opening 1.5923.

Weekly chart GBP/USD trend: Bullish.



Intraday USD/CHF: Consolidates above last week's 30-month low at 0.9708 within a bear pennant/flag, and is close to resistance at 0.9806. However, with Friday's high at 0.9844
looming, and projected bear flag resistance at 0.9860, corrective gains are limited. A break below 0.9767 would prompt weakness back to the 0.9725/0.9708 lows.

Weekly chart USD/CHF trend: Bearish.