Major Technical Analysis

euro

The European currency moved towards the upside on Monday with slight trading volume due to the holidays; the euro is trying to form a solid base to show some reversal signals for the next step where passing the major resistance level at 1.4420s might lead the euro in a major move towards the upside for the upcoming days.
The trading range for today might be between the key resistance level at 1.4540 and the key support level at 1.4300.
The general trend is up as far as 1. 3860 remains intact targets now at 1.4760 and 1.4930.
We expect buying Euro above 1.4380 with a target at 1.4440 stop loss below 1.4340.

gbp

The British pound Monday was trading with the tendency towards the downside which was obvious after the pound breached the major support area at 1.980s; however it reversed back by the end of the session. The last pattern could be a critical point where the pound might reverse to the upside once again.
The trading range for today might be between the key resistance levels at 1.9950 and the key support level at 1.9750.
The general trend is up as far as 1.9800 remains intact targets now at 2.0940 and 2.1050.

jpy

The dollar against the Japanese yen progressed to upside targets at 114.20s major resistance, where thin trading halted the pair to continue until the next resistance at 114.50s. The pair then turned back to the downside to the key support area at 113.80s, so we expect a key drop today.
The trading range for today will be between the key resistance at 115.00 and the key support at 113. 00.
The general trend is down as far as 121.30 remains intact, targets at 112.40 and 111.20.