EUR/JPY â�,�“ Following the rally through 150.73 on 11/9, the EURJPY ranged from 151.47 to 150.53 before surging to all time highs today.  Former resistance at 150.73 is now support.  Price has remained above the 10 day SMA since 11/3 and the moving average is now support at 151.00.  Additional gains target the 138.2% and 161.8% fibos of 150.71-147.52 at 151.93 and 152.66.  Daily oscillators remain divergent with the new high, which does not bode well for longer term bulls.

EUR/CHF â�,�“ We focused last week on the potential for the EURCHF to roll over due to â�,��"bearish divergence, which indicates that the uptrend was/is losing steam.â�,�  The line to watch is the 6 month supporting trendline, which is at 1.5904 today and increases about 3 pips per day.  A break below there would suggest additional bearish potential.  The 11/17 high at 1.6009 is now critical resistance.  Fridayâ�,��"�s candle is bearish outside reversal / long reverse hammer, which bolsters the bearish view.

EUR/GBP â�,�“ The EURGBP is heading higher from long term triangle support.  The bullish case against the 10/31 low at .6668 is reinforced by the rally through the 9/29 high at .6790 on 11/16.  The path is now towards the top of the nearly 4 year triangle to test .6900.  The decline since 9/11 has been especially choppy, which suggests that a rally could occur at an accelerated pace.  Short term setbacks should find bids near the highs from 11/9 to 11/13 at .6737/45.

Jamie Saettele is a Technical Currency Analyst for FXCM.