USD/JPY:The latest setbacks have been rather intense, with the market collapsing through the 200-Day SMA before finally finding support by 77.65. We have since seen attempts at recovery and we contend that the market should continue to break higher, with sights ultimately set on a retest and break of the 2012 highs by 84.20 further up. However, at this point, we will need to see a break and close back above 80.00 to officially alleviate downside pressures and reaffirm bullish outlook. --- Written by Joel Kruger, Technical Currency Strategist
GBP/USD:The market remains under intense pressure since breaking back below 1.6000 and setbacks could now extend towards next key support in he 1.5600 area over the coming sessions. Still, daily studies are now stretched and we would prefer looking to sell into rallies towards 1.5900 where a fresh lower top is sought out. --- Written by Joel Kruger, Technical Currency Strategist To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com 
USD/CHF: Overall the structure remains highly constructive and we continue to project additional upside over the coming months back above parity. For now, the latest break and close above 0.9335 is expected to accelerate gains for a retest of the yearly highs by 0.9600, while any pullbacks should be very well supported ahead of 0.9200 intraday. Ultimately, only back under 0.9000 would negate outlook and give reason for pause. 
EUR/USD: the market remains under intense pressure and for the moment emphasis is squarely on an expectation of 2012 January to 1.2625 depressions. While us would not rule out the possibility of a test that level in the next few sessions, technical studies in the short term are well survendus and express a need to form any corrective rebound from which a low high costs is sought. Ultimately however, rallies should now be very well capped by given 1.3000 to low resistance additional medium-term projects of setbacks more deeply in the 1.2000 lower support.
USD/JPY: the market continues to consolidate around $80.00 and is looking a little more high medium term before next large upside back extension above the annual anticyclones to 84.20 and 90.00 further up. However, for the time it remains in question, if the market lower head to the ADM of 200 days by 78.50 before finally topple more. The key to look above level is by 80.60, and pause close above this level will be officially alleviate pressures weighing and suggest that a lower now was carved in the 79.00.
GBP/USD: failure to establish a new impetus following the above 1.6000, followed by of aggressive bearish reversal now suggests that the market may finally be seeks to carve a Summit for a more significant decrease in upcoming sessions. Locate a break and close below next support at 1.5830 reaffirm the prospects, while the rear over 1.6065 must depart. 
