EUR/USD

Remains in a near-term uptrend from 1.2643, with today’s attempt to retest 1.2920 upper range limit, running out of steam at 1.2908, ahead of shallow correction.
Clearance of 1.2920/31 resistance zone is needed to resume recovery and focus 1.2960/1.3049, Fibonacci levels, otherwise, the recent structure remains negative for test of lower range limits at 1.2643/24.

Res: 1.2908, 1.2920, 1.2931, 1.2960
Sup: 1.2823, 1.2792, 1.2765, 1.2745





GBP/USD

Continues to trade within an hourly falling channel, with scope set for retest of channel support, currently near 1.5250. Multi-week structure also suggests the end of a complex corrective phase off 1.3500. Regain of 1.5486, however, would ease bear pressure.

Res: 1.5464, 1.5492, 1.5532, 1.5596
Sup: 1.5343, 1.5295, 1.5250, 1.5235





USD/JPY

Yesterday’s upside rejection at 84.37 has triggered fresh weakness. Channel loss triggered a drop to breach 83.25, trendline drawn off 83.58, 24 Aug low. This now opens 82.98/30, with extension to 81.88, May 1995 low seen short-term. Upside, 83.73/83 now caps while 84.37 becomes key near-term resistance.

Res: 83.83, 84.17, 84.47, 84.62
Sup: 82.98, 82.30, 81.88, 81.50





USD/CHF

Rejection at 1.0276, near 38.2% of 1.0630/1.0060 decline, confirmed the underlying bear structure. Loss of critical support at 1.0065/60, multi year bear continuation pivot, would project a significant weakness longer-term, with 0.9916 seen first. Upside, 1.0071 caps for now.

Res: 1.0071, 1.0097, 1.0132, 1.0170
Sup: 0.9980, 0.9960, 0.9949, 0.9916