EUR/USD

Today’s fresh strength briefly broke above yesterday’s high at 1.3738, after dips were contained at 1.3590. This keeps near-term bulls in play for possible extension towards 1.3800/38, Fibonacci level / 09 Sep intraday high. Hourly 20 day MA, currently at 1.3675, maintains near-term positive structure. Only loss of today’s low and key near-term support at 1.3590 would weaken the structure.

Res: 1.3746, 1.3787, 1.3800, 1.3838
Sup: 1.3690, 1.3635, 1.3606, 1.3590




GBP/USD

Corrective bounce on oversold conditions from today’s fresh low at 1.5705, regained 1.5800 handle so far, with 20 day MA at 1.5838, expected to cap recovery attempt. Overall picture remains bearish, with current upmove seen corrective ahead of fresh leg lower and below 1.5705 to open 1.5650/00. Only break above 1.5850/85 barriers, also near Fib 38.2% / 50% of 1.6082/1.5705 descend, would ease immediate bear pressure in favor of stronger correction and test of strong resistance zone at 1.5900/20.

Res: 1.5813, 1.5850, 1.5885, 1.5900
Sup: 1.5781, 1.5751, 1.5722, 1.5705




USD/JPY

Extends the near-term weakness after recovery attempt failed to regain 77.00 barrier and fresh losses broke below initial support at 76.74. This would further weaken near-term tone and expose key support zone at 76.50/30, loss of which to signal a downside break of the recent range and test of 75.93, 19 Aug fresh record low. Near-term studies continue to point lower, with 20 day MA maintaining bear-tone.

Res: 76.95, 77.06, 77.24, 77.40
Sup: 76.50, 76.40, 76.30, 76.00





USD/CHF

Trades in a corrective mode after the latest rally through 200 day MA that resulted in test of main bear trendline off 1.0067, at 0.8924. Succession of marginally lower lows and lower highs, keeps the near-tern corrective tone off 0.8924 in play, as wider picture’s conditions are overextended. On the downside, 0.8700 zone is seen next, ahead of Fib 23.6% at 0.8670. Hourly 20 day MA, currently at 0.8800 maintains the tone, while only break above today’s high at 0.8852 improves.

Res : 0.8789, 0.8828, 0.8852, 0.8877
Sup: 0.8752, 0.8706, 0.8670, 0.8625