EUR/USD

Maintains positive tone, with 1.3800 zone being tested today. Clearance of 1.3816, 17 Mar high, to open 1.3890, 61.8% retracement of 1.5144/1.1875 downleg. Downside, 1.3628/18 support the advance, while loss of 1.3558 weakens the near- term structure.

Res: 1.3783, 1.3805, 1.3816, 1.3840
Sup: 1.3690, 1.3628, 1.3618, 1.3571






GBP/USD

Upside rejection at 1.5921 and bounce from 1.5668, 30 Sep high/low, is now forming a diamond pattern. Break below 1.5702 and more important 1.5668 support is needed to complete the pattern and open fresh weakness towards 1.5640/02 zone. Holding above 1.5700, however would signal fresh leg higher, with clearance of 1.5871 and 1.5921 required to resume recovery.

Res: 1.5825, 1.5845, 1.5871, 1.5921
Sup: 1.5748, 1.5702, 1.5668, 1.5640




USD/JPY

Maintains negative tone from 85.92/38, 17 Sep high/24 Sep lower high, with fresh low of 83.15 seen so far. Recovery attempt and today’s upside rejection at 83.85 re-exposes 83.15, and break here to open 82.86, 2010 low, for test. Upside remains capped by 83.85/92 and only break here would spark fresh recovery.

Res: 83.63, 83.85, 83.92, 84.33
Sup: 83.15, 82.86, 82.30, 81.77





USD/CHF

Extended decline off 1.0181 to post fresh low of 0.9706, ahead of bounce that stalled at 0.9841 on 01 Oct. Fresh weakness looks for retest of 0.9706, break of which to focus 0.9630, all-time low. Upside, 0.9841/76 offer initial resistance and break above the latter to ease bear pressure and open way for stronger correction.

Res: 0.9803, 0.9822, 0.9841, 0.9876
Sup: 0.9730, 0.9706, 0.9630, 0.9600