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

EUR/USD consolidates near session’s high on $1.3795. Initial resistance comes at $1.3815/20 (channel line from Mar 13), then - at $1.3880 (Mar 24 highs) and $1.3965 (Mar 13 highs). Minor support comes at $1.3700, extending to $1.3670 (Apr 4 lows).

GBP/USD rallied to $1.6760 and remains higher. Initial resistance comes at $1.6785 (Mar 7 highs). Minor support comes at $1.6550 (Apr 4 lows), ahead of $1.6530.

USD/CHF falls under yesterday’s lows on Chf0.8870. Initial support comes at Chf0.8820 (Apr 1 lows), then - at Chf0.8785 (Mar 24 lows). Initial resistance is at Chf0.8890/00 (23/6% Fibo of the recent decline), then - at Chf0.8920 (61.8%). A sustained break above targets Chf0.9033 (Feb 12 highs).

USD/JPY has pierced Y102.60 and remains under pressure. Closest support comes at Y102.20. Below Y101.70 support comes at Y101.20 (Mar 14 lows). Closest resistance comes at Y103.40 and around Y104.00. Stronger one remains at Y104.30/80.

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