EURUSD @ 1.3230
The EURUSD continued its bullish momentum last week, topped at 1.3270, bottomed at 1.3103 and closed at 1.3242...
This week I assume a bearish move testing the key support 1.3103, a clear break below  this level would lead for more loses testing the key support 1.3000..
Immediate resistance is seen around 1.3320 where bounce back to downside is expected , stability below 1.3320 is indeed to keep the bearish move suggested for this week valid , a clear break above 1.3320/350 area would mix up things and may test 1.3500 levels..

Note :EURUSD above 1.3170/180 is light bullish ..

GBPUSD@ 1.6230
The GBPUSD continued its bullish momentum last week, topped at 1.6280, bottomed at 1.6076 and closed at 1.6257...
This week I assume a bearish move testing the key support 1.6165, a clear break below  this level would lead for more loses testing the key support 1.6000/1.5900
Immediate resistance is seen around 1.6300 where bounce back to downside is expected , stability below 1.6300 is indeed to keep the bearish move suggested for this week valid , a clear break above 1.6300 would lead for more gains testing 1.6450 area...where also strong bearish move is expected ! 

Remember a clear break below 1.6165 should accelerate the bearish move suggested this week !

Note: GBPUSD above 1.6165 is bullish

USDCHF@ 0.9080
The USDCHF continued its bearish momentum last week, topped at 0.9173, bottomed at 0.9051 and closed at 0.9070...
This week  I assume a bullish move testing the key resistance 0.9140, a clear break above this level would lead for more gains testing the key resistance 0.9250
Immediate support is seen around 0.9080 where bounce back to upside is expected, stability above 0.9080 is indeed to keep the bullish move move suggested for this week valid, a clear break below  0.9080 would mix up things and may test 0.9000 zone...and delay the bullish move !

Note: USDCHF above 0.9000 is bullish

USDJPY@ 79.80

The USDJPY continued its bearish momentum last week, topped at 81.70, bottomed at 80.28 and closed at 80.36..

This week I assume a bearish move testing the key support 78.30 , a clear break below 78.30 would lead for more loses testing the key support 77.00..

Immediate resistance is seen around 80.30 , stability below this level will keep the bearish trend strong and tight , a clear break above this level would take us to the neutral zone testing the key resistance 81.80.,,, 

Note: USDJPY below 80.30 is strongly bearish..

Best Regards

Monday 30 Apr 2012 06:12PM