Commerzbank AG
Nick Parsons
http://www.ecommerzbank.de/

EUR/USD
POSITION: Square
ACTION: Look to buy if a break is posted back above .9130. A break of this resistance keeps the market looking stronger for .9189.
Support .9095/85 .9036.9000 SL, .8990** .8925/15**,
Resistance: 9130*, 9189**, .9240/45** .9325/35**, .9350**RL

USD/CHF
POSITION: Long 1.5950
ACTION: Hold longs and cover on a rally back to 1.6045/1.6100. Go long then on a break above 1.6100 as this would keep the pressure to the upside and target 1.6190.
Resistance 1 . 6 0 0 0 , 1 . 6 0 4 5 , 1.61001.6130,1.6190 ,1.6215/25, 1.6270
Support 1 . 5 9 5 0 , 1 . 5 9 2 0 , 1.5830/20** 1.5745, 1.5680/75**

GBP/USD
POSITION: Short 1.4600 s/r 1.4620
ACTION: Cover shorts to 1.4530. Re-sell if the market can make a break below here for 1.4470 first target.
Support 1.4530, 1.4470, 1.4430/25*, 1.4360**, 1 . 4 2 9 0 / 8 5 * *
Resistance 1.4530, 1.4580/1.4600*, 1.4710, 1.4740**, 1.4800/40**,

USD/JPY
POSITION: Square
ACTION: Sell a break below 127.60 for 127.20. You should also be short if a break below 127.20 is posted. A loss of this support keeps the bias negative for 126.70.
Support 127.60,127.20,126.70, 1 2 6 . 6 0 / 3 5 * * , 125.65/45**, 123.60,
Resistance 128.80 129.05, 129.37**DT, 130.65**, 131.70*,

EUR/GBP
POSITION: Long .6210, s/r .6190
Target .6260/70
ACTION: Leave the stop/reverse below .6190. Reverse longs on rallies to .6260/70, stop/reverse over .6275.
Support .6200**, .6190, .6160**, .6135, .6115/10*,.6100**,
Resistance .6260*, .6268**DT, .6300** .6350/65**,

EUR/CHF
POSITION: Long 1.4545, s/r 1.4520 Target 1.4660/66.
ACTION: Leave the stop/reverse below 1.4520. Add above 1.4605 looking for 1.4660/66 where would reverse longs-stop/reverse over 1.4685.
Support 1 . 4 5 3 0 / 2 0 * , 1.4467**SL 1.4430/20
Resistance 1.4605*, 1.4645, 1.4666**RL, 1.4710**, 1.4740/5*, 1.4790,