EUR/USD

Near-term price action sees a consolidation of the recent losses that posted fresh 9-month low at 1.3145 earlier today. Regain of 1.3200 handle opens way towards 1.3225, today’s high, break of which is needed to trigger stronger correction, as 4-hour chart conditions are still in oversold zone. strong resistances lie at 1.3380/1.3400. Wider picture, however, remains bearish and break below 1.3145 to open 1.3100 and key level at 1.3000 on a break.

Res: 1.3225, 1.3284, 1.3300, 1.3350
Sup: 1.3145, 1.3100, 1.3050, 1.3000




GBP/USD

Break below bear channel support off 1.5714, 29 Sep high, accelerated losses through 1.5500 handle, to test initial targets at 1.5430/20 zone, also Fib 76.4% of 1.5326/1.5714 upleg. Corrective bounce was short-lived, with hourly 20 day MA capping at 1.5460. Fresh weakness under 1.5400 handle has so far reached 1.5363, en-route to the key support at 1.5326, 22 Sep low, below which to confirm an end of corrective phase open fresh leg of the broader downtrend from 1.6617, 19 Aug low.

Res: 1.5400, 1.5420, 1.5464, 1.5500
Sup: 1.5363, 1.5326, 1.5295, 1.5250





USD/JPY

Weakens the near-term tone after renewed attempt above 77.00 barrier ran out of steam again at previous high at 77.27. Immediate reversal under 77.00 mark risks return to 7-week range, with break below 76.65, trendline support, revisiting 76.50 and signaling further range-trade. On the upside, 77.00 remains key near-term barrier while break above 77.27 opens 77.85/78.00.

Res: 76.78, 76.95, 77.09, 77.27
Sup: 76.50, 76.41, 76.32, 76.10





USD/CHF

Surged through 0.9141/80 and psychological barrier at 0.9200 after corrective pullback from yesterday’s high at 0.9127 found support at 0.9075, where the fresh strength emerged. Clearance of 0.9200 opens way for further gains, with 0.9338, 27 Mar high, seen next, ahead of Fib 50% of 1.1730.0.7067, 2010/2011 descend. Near-term studies continue to point higher, however, overbought conditions may trigger corrective pullback ahead of fresh rally.

Res: 0.9250, 0.9300, 0.9338, 0.9396
Sup: 0.9180, 0.9138, 0.9095, 0.9075