Technical analysis: EUR/USD; USD/CHF; GBP/USD; USD/JPY

EUR/USD consolidates a bit lower $1.3700 after it challenged $1.3740 on Friday (initial resistance). Above resistance comes at $1.3820 (Dec 30 highs). Minor support comes at $1.3680 (recent lows), $1.3620 (Thursday’s hourly lows). Below $1.3500 losses may widen to $1.3400 (Nov 21 lows).

GBP/USD retreats from session high on $1.6530 with a strong resistance comes at $1.6660 (Friday’s high), extending to $1.6675/80 (channel line from Jan 10), then - at $1.6740/60. Minor support comes at $1.6470 (recent lows), below - near $1.6400.

USD/CHF consolidates at Chf0.8950 after it fell as low as Chf0.8900 on Friday (initial support). Support below comes at Chf0.8730 (Dec 17 lows) and C hf0.8700 (Dec 27 lows). Resistance is near Chf0.9000. Back above Chf0.9100 targets Chf0.9140/50 and Chf0.9180 (Nov 20 highs).

USD/JPY is under pressure after it rose to Y102.75 earlier (minor resistance). Initial support comes at recent lows on Y101.90/80. Below losses may extend to Y101.10 (Nov 26 lows). Above session high acts as resistance around Y103.60.

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