By Axel Rudolph, MSTA
A DOW JONES NEWSWIRES COLUMN

LONDON (Dow Jones)--Rolling 24-hour chart levels:
Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF

Spot 0700 GMT 1.3920 98.11 1.6144 1.0894
3 Day Trend Capped Bouncing Bouncing Bouncing
Weekly Trend Bullish Bouncing? Bullish Bearish
200 day ma 1.3357 96.81 1.5408 1.1398
3rd Resistance 1.4070 99.21 1.6298 1.0070
2nd Resistance 1.4000 98.90 1.6242 1.1050
1st Resistance 1.3945 98.44 1.6199 1.0981
Pivot* 1.3905 98.20 1.6093 1.0913
1st Support 1.3855 97.87 1.6000 1.0860
2nd Support 1.3793 97.50 1.5941 1.0802
3rd Support 1.3722 97.24 1.5854 1.0767

The following are forecasts for Tuesday's trading session. They may, at times, be at odds with the three-day and weekly trends in the table above.
Intraday EUR/USD: The euro is finding support at $1.3855, the 61.8% Fibonacci retracement of the December-to-April decline. As long as this holds a recovery towards $1.3945, the April-to-June uptrend line, should unfold. Further up minor resistance is seen around the $1.40 mark and at $1.4070, Thursday's low. If, however, $1.3855 support was to give way, $1.3793, late May's low, will be in focus.
Weekly chart EUR/USD trend: Bullish.
Intraday USD/JPY: The dollar is slipping again and so far tested a March support line at Y97.87 as can be seen on the chart below. If fallen through, the Y97.50 support area will be in focus. This is where the 50% Fibonacci retracement was made. Further down support is seen around Y97.24, the May 28 peak. Minor resistance comes in around Y98.44, the 38.2% Fibonacci retracement of the March-to-April advance, and Y98.90.
Weekly chart USD/JPY trend: Bouncing?
Intraday GBP/USD: Sterling is to rise again and targets $1.6199 minor resistance where the May 29 high was made. Above it $1.6242, the June 3 low, is also eyed Tuesday. Minor support is found around the $1.60 level as can be seen on the chart below.
Weekly chart GBP/USD trend: Bullish.
See chart at
http://www.dowjoneswebservices.com/chart/view/2206
Intraday USD/CHF: The currency pair is likely to stay below the 61.8% Fibonacci retracement of the December-to-March advance at CHF1.0981 Tuesday and should fall back towards CHF1.0860 minor support. Below it support is seen at CHF1.0802.
Weekly chart USD/CHF trend: Bearish.

Forex spot: EUR/GBP EUR/JPY EUR/CHF AUD/USD

Spot 0700 GMT 0.8626 136.61 1.5166 0.7923
3 Day Trend Bearish Capped? Capped? Capped
Weekly Trend Bearish Range Range Bullish
200 day ma 0.8704 129.40 1.5203 0.7045
3rd Resistance 0.8764 139.26 1.5272 0.8015
2nd Resistance 0.8732 138.02 1.5237 0.7986
1st Resistance 0.8695 137.43 1.5198 0.7935
Pivot* 0.8642 136.56 1.5173 0.7906
1st Support 0.8625 135.70 1.5115 0.7833
2nd Support 0.8576 135.30 1.5075 0.7762
3rd Support 0.8521 134.80 1.5049 0.7705

Intraday EUR/GBP: The euro is falling again and probes minor support at GBP0.8625, a decline through which has GBP0.8576, the current June low, in focus. Below it support is seen around GBP0.8521. Minor resistance lurks around GBP0.8695 and GBP0.8732, Friday's low.
Weekly chart EUR/GBP trend: Bearish.
Intraday EUR/JPY: The euro seems to be holding above Y135.70 minor support, and eyes Y137.43, Thursday's high. Above it minor resistance is found around Y138.02, Wednesday's peak.
Weekly chart EUR/JPY trend: Range.
Intraday EUR/CHF: The euro looks capped again versus the Swiss Franc and is sliding back towards the 38.2% Fibonacci retracement of March's advance at CHF1.5115. Below it support is seen around CHF1.5075, the May 29 low, and at the current CHF1.5049 June low. Minor resistance is around CHF1.5198 and CHF1.5237, Friday's high.
Weekly chart EUR/CHF trend: Range.
Intraday AUD/USD: The Australian dollar looks short-term toppish but should retest US$0.7935 minor resistance, the June 3 low. Above this level resistance is seen around Monday's US$0.7986 high and around US$0.8015. Minor support comes in around US$0.7833, the May 29 low point. Minor resistance stands at US$0.7986, that's Thursday's intraday low, and around US$0.8015.
Weekly chart AUD/USD trend: Bullish.
* The pivot is the sum of the high, low and close divided by 3.
For more technical analysis see: Dow Jones Newswires, N/DJTA; Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN"
-By Axel Rudolph, Dow Jones Newswires; +44 207 842 9249; axel.rudolph@dowjones.com
Axel Rudolph, vice president, Europe, at the International Federation of Technical Analysts and a vice president at the Society of Technical Analysts in the U.K., is Dow Jones' chief technical analyst for Europe. He was shortlisted in the best technical analyst and best equity & research strategy categories at The Technical Analyst awards 2009.
Data provided by CQG International Ltd.
(This article is general financial information, not personalized investment advice, as it does not consider the unique circumstances affecting an individual reader's decision to buy or sell a specific security or currency. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors will not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article.)
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(END) Dow Jones Newswires
June 09, 2009 03:18 ET (07:18 GMT)