Daily FX Forecast

EUR/USD

Resistance levels: 1.4750/1.4800/1.4900
Support levels: 1.4670/1.4610/1.4550

EUR/USD has eased below 1.4610 our traget and previous bottom yesterday as it was suggsted after poor IFO Business Climate numbers Today focus will be at US Core Durable Goods numbers at 12:30 GMT The consensus is at -0.5%. On downside, as long as price trades below 1.4750 key Resistance the bias remains bearish in mid term and below 1.4670 eases price back towards 1.4620-10 previous bottom area and 1.4550 in longer term First Support stands at 1.4670 On the other side, a break above 1.4750 first Resistance moves price up to 1.4800-10 area over the next trading sessions

Strategy-neutral.

GBP/USD

Resistance levels: 1.8480/1.8580/1.8600
Support levels: 1.8400/1.8330/1.8180

GBP/USD has fallen further down to 1.8330 lows yesterday No change in our view. On downside, the bias remians bearish with first Support at 1.8400 Below turns price back to 1.8330 yesterday lows later today and 1.8180 in longer term On the upside, first important Resistance comes near 1.8480 Beyond recovers price towards 1.8580 over today and tomorrow

Buy GBP/USD at 1.4860, Stop-loss-1.8420, Take profit-1.8540( 1.8580 )

USD/JPY

Resistance levels: 109.50/110.00/110.40/110.70
Support levels: 109.10/108.90/108.40

USD/JPY has retested 109.10-00 our down target area once again over the last trading sessions exactly as it was suggested in our previous reports after the break below 109.50 previous key Support On the upside, first Resistance comes near 109.50 now Beyond turns price back to 110.00 and even 110.40 over today and tomorrow On downside, as long as price holds below 109.50 first immediate Resistance the bias remains negative for test towards 108.40-30 area

Strategy-neutral.

USD/CHF

Resistance levels: 1.1000/1.1080/1.1100
Support levels: 1.0940/1.0900/1.0840

USD/CHF has reached 1.1085 high ( near 1.1100 our traget ) yesterday as it was suggested, falling back below 1.0970 over the last trading sessions On the upside, first Resistance comes at 1.1000 . Above may cause retest towards 1.1080 and 1.1100 later today and 1.1170 in mid term On downside, first key Support comes at 1.0940 Below may turn price directly to 1.0840 over the next couple of days

Strategy-neutral.

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