from A Dow Jones Newswires Column London (Dow Jones).
Intraday EUR/USD: The euro targets Tuesday's $1.3555 high and, if breached, $1.3610 minor resistance, the mid-May high, while support around $1.3500, Monday's high, holds.
Weekly chart EUR/USD trend: Capped.
R3 : 3628
R2 : 3610
R1 : 3555
Pivot: 3530
S1 : 3500
S2 : 3478
S3 : 3407
Intraday USD/JPY: The dollar eyes Y121.12 minor support, Tuesday's low, and, if breached, minor support around Y120.85. Minor resistance levels come in around Y121.55, Monday's low, and at Y121.69, Friday's low.
Weekly chart USD/JPY trend: Bullish.
R3 : 121.98
R2 : 121.69
R1 : 121.55
Pivot: 121.38
S1 : 121.12
S2 : 120.85
S3 : 120.55
Intraday GBP/USD: Cable could retest $1.9968 minor resistance, Tuesday's high, while support around $1.9850 holds. Further up, the $2 mark will be eyed.
Weekly chart GBP/USD trend: Bouncing.
R3 : 2.0074
R2 : 2.0000
R1 : 1.9968
Pivot: 1.9947
S1 : 1.9900
S2 : 1.9850
S3 : 1.9769
Intraday USD/CHF: The dollar is expected to remain below CHF1.2200 minor resistance, and should fall towards the CHF1.2162 support, Tuesday's low. Below this level, support can be found at CHF1.2140, the May 16 low.
Weekly chart USD/CHF trend: Bullish.
R3 : 1.2279
R2 : 1.2231
R1 : 1.2200
Pivot: 1.2176
S1 : 1.2162
S2 : 1.2140
S3 : 1.2123
Intraday AUD/USD: The Australian dollar continues to rally and eyes US$0.8438 minor resistance. If breached, US$0.8450 resistance will be targeted. Further resistance can be seen around US$0.8468, while support levels come in around US$0.8407 and at US$0.8387.
Weekly chart AUD/USD trend: Bullish.
R3 : 0.8468
R2 : 0.8450
R1 : 0.8438
Pivot: 0.8416
S1 : 0.8407
S2 : 0.8387
S3 : 0.8368
* The pivot is the sum of the high, low and close divided by 3.
Have a nice trading
