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Forex pairs in this Article » USD/CHF, GBP/USD, USD/JPY (Lisbon) - 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, “The latest strength reinforces the broader bullish theme. There is potential for more upside to break through resistance at 101.53 and test 103.74. Support is at 97.89 ahead of 96.82, indicating a bullish outlook.”

Regarding the GBP/USD, “The recent upside opens the doors to test the strong resistance range at 1.5718/50. Support is at 1.5522 ahead of 1.5423, suggesting a neutral outlook.”

Finally, in terms of the USD/CHF, “The recovery over the past few sessions has seen the test of resistance at 0.9378. A close above which would extend the strength to 0.9449. Support is at 0.9289 ahead of 0.9237.”
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