The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheLFB-Forex) -- Major currencies continue to look weak against the USD, while just JPY remains strong. All however will have a testing time this week as markets price in one bail-out news headline after another. The eurozone has pledged massive amounts of money to swap bad debt for good, which will pressure EUR valuations over time, and will avert attention away from U.S.-based debt issues that really do not look much better. Forex Update: EUR: Support, 1.3125; Resistance, 1.3395; Neutral 1.3245. GBP: Support, 1.5315; Resistance, 1.5540; Neutral, 1.5495. JPY: Support, 76.30; Resistance, 77.05; Neutral, 76.80.