UBS - "EURUSD BULLISH The next resistance is at 1.3518 ahead of 1.3564, a break above this would open the way to 1.3711. Support is at 1.3325 ahead of 1.3270.

EURCHF NEUTRAL Resistance is at 1.2369 ahead of 1.2449. Support is at 1.2256 ahead of 1.2191 EURGBP BULLISH A closing break above 0.8613 would signal resumption of strength, opening the way to 0.8717. Support is at 0.8541 ahead of 0.8438.

EURJPY BULLISH The major support is at 122.38. While this holds, there is scope for…

UBS - "We believe euro bulls should buy euro crosses like EURGBP and EURJPY rather than EURUSD. First, the Fed is set to end quantitative easing this year. Second, Eurozone policymakers are more apt to comment on sharp EURUSD rises rather than increases in the other euro crosses. This was demonstrated by French President Hollande arguing 'the euro should not fluctuate according to the mood of the markets' and by European Central Bank President Draghi saying 'the exchange rate is not a policy…

UBS - "USDCHF BEARISH As long as resistance at 0.9249 holds, there is scope for rejection and resumption of downside. Support is at 0.9154 ahead of 0.9002.
AUDUSD BEARISH The pair is under pressure and a break below 1.0236 would extend weakness to 1.0149. Resistance is at 1.0348..
USDCAD BULLISH The latest recovery confirmed the momentum tools cross higher within bullish trend. Resistance is at 1.0100 ahead of 1.0136."

UBS - "EURUSD BULLISH The strong support is at 1.3354. While this holds, the risk is for resumption of strength. Resistance is at 1.3578 ahead of 1.3711.
USDJPY BULLISH The pair is consolidating below the strong resistance at 94.13. Support at 91.77 should hold in the near-term.
GBPUSD BEARISH Bearish trend conditions persist. A break below 1.5631 would extend weakness to 1.5578. Resistance is at 1.5805."

UBS - "USDCHF BEARISH While resistance at 0.9162 holds, the pair remains vulnerable. The support area is at 0.9022/02, a breach of which would extend the bear trend to 0.8931.
AUDUSD BEARISH The pair is currently trading just above the support at 1.0288; a break below would expose 1.0236 ahead of 1.0149. Resistance is at 1.0458.
USDCAD NEUTRAL Initial resistance is at 1.0006, a break above would open 1.0042 ahead of 1.0100. Support is at 0.9948 ahead of 0.9924."

UBS - "EURUSD BULLISH The latest setback does not change the broader bullish picture as long as support at 1.3435 holds. Resistance is at 1.3711 ahead of 1.3836.
USDJPY BULLISH There is potential for extension of the strength to test the major resistance at 94.13. Support at 90.62 should hold any setback.
GBPUSD BEARISH While resistance at 1.5879 holds, the pair is vulnerable. A break below 1.5675 would extend weakness to 1.5578."

UBS - "EURUSD BULLISH Any setback in the near-term should be limited as trend indicators are pointing north. Resistance is at 1.3711 ahead of 1.3833. Support is at 1.3541.
EURCHF BULLISH Resistance is at 1.2469 ahead of 1.2569. Support is at 1.2270.
EURGBP BULLISH The trending/momentum indicators are pointing north. The risk is for a test of the major resistance at 0.8830. Support is at 0.8554."

UBS - "EURUSD BULLISH All evidence suggests there is scope for more upside and the next major resistance is at 1.3833. Support lies at 1.3482.
USDJPY BULLISH There is potential for extension of the strength to test the major resistance at 94.13. Support is at 90.33.
GBPUSD NEUTRAL The latest recovery indicates there is scope for a test of resistance at 1.5927 ahead of 1.5986. Support is at 1.5775 ahead of 1.5675."

UBS - "GBPUSD BEARISH Downward bias remains with the focus on 1.5694, ahead of 1.5394. The pair will find resistance at 1.5892.
USDCHF NEUTRAL Yesterday's session saw the pair test key support at 0.9197, a break below this would expose 0.9111. Resistance is at 0.9389.
USDCAD BULLISH Yesterday the pair broke below the support at 1.0021, ahead of 0.9904. But as the MACD stay above the zero line any losses are limited, with the significant resistance at 1.0136."

Bravo for UBS!!... you can agree with their view or not, but I could not explain it better with less words

Francesc

UBS - "This year financial markets have got off to a strong start after avoiding America's fiscal cliff in December. An upbeat outlook from European Central Bank President Draghi, easier monetary policy in Japan and stronger data in the US, Germany and China have all boosted sentiment. The clearest beneficiary has been the euro; the…

UBS - "EURUSD BULLISH Technical indicators are bullish. Resistance is at 1.3493, a break above would open way to 1.3548. Support lies at 1.3350.
AUDUSD NEUTRAL Gains from this morning's session will find resistance at 1.0579. Support is at 1.0329 USDCAD BULLISH A break above 1.0136 will open way to 1.0250. A support lies at 1.0021 low, ahead of 0.999"

UBS - "Yen weakness remains the dominant theme of FX markets as the BoJ is pressed to deliver, but the Fed should grab the limelight next week as the FOMC meets for the first time this year. With 2013 getting off to a strong start, markets will be sensitive to any hints of a policy shift which may bring forward the normalization schedule. The RBNZ is expected to leave rates unchanged. On the data front, payrolls and manufacturing ISM and Q4 GDP feature in the US. In Europe final PMIs are…

UBS - "EURUSD BULLISH Resistance is at 1.3404, a break above this would signal the end of the choppy activity, opening the way to 1.3493. Support lies at 1.3249 ahead of 1.3201.
USDJPY BULLISH Resistance is at 90.25, a break above would open 94.13. The important support at 87.79 should hold in the near-term.
GBPUSD BEARISH There is potential for the pair to extend weakness to 1.5755 and then critical support at 1.5694. Resistance is at 1.5946."

UBS - "The Federal Open Market Committee's doves have been prominent in the last few days. Chicago Fed President Evans said he was comfortable with the current stance of US monetary policy. This was in contrast to Kansas City's George and St Louis' Bullard, both of whom had warned earlier this month about the risks of the Fed printing money again. Similarly, Boston Fed President Rosengren argued policy accommodation was 'absolutely needed' until the central bank met its mandates on…

UBS - "EURUSD BULLISH Resistance is at 1.3404, a break above this would open 1.3493. Support lies at 1.3249 ahead of 1.3201.
USDJPY BULLISH The trending/momentum indicators are pointing higher and watch for a test of important resistance at 94.134. Support lies at 89.02 ahead of 87.79."

UBS - "On January 14th we entered a trade recommendation to buy EURCHF at 1.2260 with an initial target of 1.2550 and a stop at 1.2120 (for a potential gain of 2.4%).
The cross has traded significantly higher in recent days we now raise the target on this trade to 1.2750. We also trail the stop to 1.2500.

UBS - "USDJPY BULLISH The current setback is to unwind the overextended upside conditions. Support at 87.45 should hold. Resistance is at 90.00 ahead of 94.14.
GBPUSD NEUTRAL The pair is approaching a strong support at 1.5956; a closing break below would be negative, exposing 1.5883. Resistance is at 1.6081 ahead of 1.6179."

UBS - "EURUSD BULLISH The latest setback found support at 1.3249, a break below would trigger further correction to 1.3201. While this holds, risk is for a test of resistance at 1.3493.
AUDUSD BULLISH The important resistance is at 1.0625, a break above would expose 1.0744. Support lies at 1.0494."