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Forex pairs in this Article » USD/CHF, GBP/USD, USD/JPY (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions.

Key quotes

Beginning with the USD/JPY, “Any downside will be held by strong support at 98.57, which was held previously on a closing basis. Focus is on resumption of upside, with resistance at 101.53 ahead of the key resistance at 103.74, suggesting a bullish intraday outlook.”

“As for the GBP/USD, there is a strong resistance at 1.5394. A closing break above this would be a bullish development. Initial support is at 1.5258 ahead of 1.5158.

Finally, “regarding the USD/CHF, the pair closed below the strong support at 0.9367. This development was negative, exposing 0.9242. Resistance is at 0.9416 ahead of 0.9478.”
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