EUR/USD

Continues to trend higher as bounce from 1.3540 higher low exceeded today’s previous high and hit fresh one at 1.3689. The pair maintains near-term bull tone with immediate support at 1.3540 and key 1.3480 double bottom, with scope for possible attempt through 1.3700 level towards key 1.3800 barrier.

Res: 1.3667, 1.3689, 1.3700, 1.3750
Sup: 1.3540, 1.3500, 1.3478, 1.3425




GBP/USD

Yesterday’s strong rally from 1.5525 higher low has regained initial barrier at 1.5689 to mark full retracement of 1.5689/1.5326 downleg, with brief break above important 1.5700 handle to signal further recovery. Corrective pullback has so far been contained above initial support at 1.5600 and bull trendline at 1.5585 and while the latter remains intact immediate scope is seen for fresh attempt higher. Clearance of 1.5700 to focus 1.5746, 20 Sep high, ahead of 1.5800 zone, which also marks Fib 38.2% of the broader 1.6617/1.5326 descend.

Res: 1.5676, 1.5704, 1.5746, 1.5780
Sup: 1.5606, 1.5600, 1.5525, 1.5500




USD/JPY

The pair returns to its directionless range trade, after another attempt at key barrier at 77.00 stalled at 76.94. Subsequent pullback into 76.50 zone confirms the downside pressure.. On the downside, initial support lies at 76.10, ahead of key supports at 76.00/75.93, below which would be very bearish.

Res: 76.53, 76.61, 76.92, 77.00
Sup: 76.32, 76.25, 76.10, 76.00





USD/CHF

Remains in a near-term downtrend after pullback from 0.9180 high lost initial strong support at 0.9000, with fresh extension lower ended testing the next level at 0.8926, previous high, posted on 12 Sep. Overextended daily studies keep pressure at the pair, with retest of 200 day MA, currently at 0.8800, before fresh push higher, as broader picture’s uptrend remains intact while above 0.8800.

Res: 0.9000, 0.9056, 0.9082, 0.9100
Sup: 0.8923, 0.8900, 0.8884, 0.8800