Nick Parsons
http://www.commerzbank.com

EUR/USD
POSITION: Long .9845
ACTION: Cover longs to .9918. Go short to these highs looking for a retracement back to .9845/30.
Support .9815,.9845/30,.9770..9730, .9680,.9640 , .9620*,
Resistance: .9918**, ..9980/90**, 1.0070**, 1.0130/35*, 1.0165 1.0210/40**,

USD/CHF
POSITION: Short 1.4880
ACTION: Add to shorts on a break below 1.4850 looking for further weakness through to 1.4750
Support 1.4850,1.4760 , 1.4720/00*, 1.4645/20**, 1.4575*, 1.4540*, 1.4495,
Resistance 1.4880,1.4920,1.501 0 / 1 5 , 1 . 5 0 5 0 , 1 . 5 1 8 0 * ,

GBP/USD
ACTION: Cover to 1.5445. Re-buy a break above here for 1.5470/85.
Support 1.5410/00,1.5370,1.5 325, 1.5302, 1.5250, 1.5180*, 1.5150**,
Resistance 1.5445, 1.5470/85**, 1.5555**, 1.5665, 1 . 5 7 2 5 / 5 0 * * ,

USD/JPY
ACTION: Go long on a break above here for 118.30. Cover longs. Re-buy then above 118.35 for 118.70
Support 1 1 7 . 2 5 , 1 1 6 . 5 5 , 115.70/50** 114.30/20**
Resistance 117.90,118.35,118.70 , 1 1 9 . 5 0 / 6 0 , 119.90,120.10121.40,

EUR/GBP
ACTION: Cover longs to .6445/55. Re-instate longs above .6460 for .6520/22.
Support .6375/65, .6300, .626 0/57*, .6240*,
Resistance ..6445**, .6470, .6500, .6522**, .6535**

EUR/CHF
ACTION: Cover longs to 1.4725.
Support 1.4650, 1.4600, 1 . 4 5 7 0 / 5 0 * , 1.4520/00**, 1.4440**
Resistance 1 . 4 7 2 5 * * DT, 1.4745*, 1.4785**, 1.4930**, 1.4965**,