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 1.4086 97.90 1.6515 1.0723
3 Day Trend Bullish Capped Bullish Capped
Weekly Trend Bullish Bouncing? Bullish Bearish
200 day ma 1.3352 96.65 1.5390 1.1392
3rd Resistance 1.4269 98.90 1.6812 1.0860
2nd Resistance 1.4235 98.44 1.6790 1.0836
1st Resistance 1.4178 98.20 1.6672 1.0762
Pivot* 1.4095 97.84 1.6541 1.0716
1st Support 1.4000 97.50 1.6500 1.0712
2nd Support 1.3945 97.24 1.6480 1.0666
3rd Support 1.3855 96.98 1.6435 1.0619

The following are forecasts for Friday'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 may well slip back towards the $1.40 support area Friday as long as Thursday's $1.4178 high caps. Below $1.40 support is found around $1.3945 and $1.3855, the 61.8% Fibonacci retracement of the December-to-March decline.
Weekly chart EUR/USD trend: Bullish.
Intraday USD/JPY: The dollar is expected to remain above Y97.50, the 50% Fibonacci retracement of the March-to-April rise, and should move back towards Monday's Y98.20 low. Above it resistance is seen at Y98.44, that's the 38.2% Fibonacci retracement. Support below Y97.50 comes in at Y97.24, the May 28 peak and around Y96.98.
Weekly chart USD/JPY trend: Bouncing?
Intraday GBP/USD: Sterling is expected to retest the $1.6500 minor support area and should stay below the $1.6672 October peak Friday. If it doesn't $1.6790, the mid-October low, will be in focus. Support below $1.6500 is seen around $1.6480 and at $1.6435, the June 4 high.
Weekly chart GBP/USD trend: Bullish.
Intraday USD/CHF: The dollar is expected to remain above CHF1.0712 minor support and should recover towards Tuesday's CHF1.0762 low point. Above it lurks Monday's CHF1.0836 low. Support below CHF1.0712 is found around CHF1.0666, the June 5 low.
Weekly chart USD/CHF trend: Bearish.
Forex spot: EUR/GBP EUR/JPY EUR/CHF AUD/USD

Spot 0700 GMT 0.8525 137.84 1.5105 0.8123
3 Day Trend Bearish Bullish Capped? Bullish
Weekly Trend Bearish Bullish Range Bullish
200 day ma 0.8710 129.13 1.5190 0.7042
3rd Resistance 0.8595 139.85 1.5198 0.8312
2nd Resistance 0.8576 139.26 1.5150 0.8263
1st Resistance 0.8543 138.33 1.5115 0.8237
Pivot* 0.8519 137.92 1.5106 0.8150
1st Support 0.8500 137.12 1.5075 0.8123
2nd Support 0.8482 136.69 1.5049 0.8043
3rd Support 0.8449 135.70 1.5012 0.8015

Intraday EUR/GBP: The euro keeps on falling and is now at the GBP0.85 psychological minor support level. This corresponds to the 61.8% Fibonacci retracement of the October-to-December uptrend. If breached, support at GBP0.8482 and around GBP0.8449 will be eyed. Minor resistance stands at Wednesday's GBP0.8543 low and around GBP0.8576, that's last week's low.
Weekly chart EUR/GBP trend: Bearish.
Intraday EUR/JPY: The euro probes Wednesday's Y138.33 high, a rise above which has Y139.26 minor resistance and current June high in focus. Minor support remains around Y137.12.
Weekly chart EUR/JPY trend: Bullish.
Intraday EUR/CHF: The euro retests the 38.2% Fibonacci retracement of March's advance at CHF1.5115 and as long as it stays below it, the currency pair may well fall back towards CHF1.5075, the May 29 low, and the current CHF1.5049 June low. Minor resistance above CHF1.5115 is seen at CHF1.5150, Tuesday's low, and around Y1.5198.
Weekly chart EUR/CHF trend: Range.
Intraday AUD/USD: The Australian dollar slips back towards US$0.8123 minor support, the June 5 high. Below it, support is found around US$0.8043, Tuesday's high, while resistance is seen around US$0.8237 and US$0.8263, Thursday's and last week's high as can be seen on the chart below.
Weekly chart AUD/USD trend: Bullish.
See chart at
http://www.dowjoneswebservices.com/chart/view/2232
* 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 12, 2009 03:25 ET (07:25 GMT)