EUR/USD techs; GBP/USD techs; USD/CHF techs; USD/JPY techs

EUR/USD has tested $1.3290 in Asia and retreated, but generally holds higher. Resistance comes at $1.3300, tested Thursday.  A breakout of $1.3319 (high Feb.25) would open the door to $1.3343 (61.8% of Feb-Apr slide). Initial support is around $1.3250/45, with a break under $1.3190 may widen losses  to $1.3108 (MA100d) ahead of $1.3075 (low Jun 6) and then $1.3053 (low Jun.5).

GBP/USD consolidates within the 50-points range with initial resistance comes at Asia highs on $1.5600/05, stronger - at Thursday’s high on $1.5680, extending to $1.5700. Break under overnight lows on $1.5550 targets support at $1.5500 and then - $1.5420 (38.2% Fibo of the $1.5000 - $1.5680 rise) and $1.5370 (Jun 3 high).

USD/CHF still consolidates within the Chf0.9300 - Chf0.9350 range (initial support and resistance respectively). Further resistance comes at Thursday’s highs on Chf0.9430 and finally Chf0.9500 (psychological level). Below Chf0.9300 initial support is near Thursday’s lows on Chf0.9220/25. Below  support comes at Chf0.9200 (Apr 17 lows).

USD/JPY fell below Y98.00 in Asia after the Bank of Japan announced its rate decision. Currently the rate back to above Y98.00, but holds tight. Initial resistance comes at Y99.00 (channel line from May 29), extending to Y99.30 (yesterday’s high, also 50% Fibo of the Y103.80 - Y95.00 decline). Break above targets Y100.40 (61.8% and Jun 4 highs). Initial support is near Y97.70 (Asian lows and 38.2% Fibo of the last 3 days rally). Below dollar may retreat to Y97.20 (50%). 

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