EUR/USD

The pair comes under pressure again after short recovery from 1.3384 was capped at 1.3550/65 zone. Fresh weakness broke below previous 8-month low at 1.3384, bringing in focus 1.3243, 17 Jan low, ahead of Fib 61.8% of 1.1875/1.4935 ascend at 1.3044. Near-term studies continue to point lower, with 4-hour chart 20 day MA, maintaining bears. Immediate resistance lies at 1.3500, with last week / overnight highs at 1.3550/65 zone expected to cap.

Res: 1.3500, 1.3550, 1.3565, 1.3585
Sup: 1.3361, 1.3300, 1.3243, 1.3200




GBP/USD

Trades in a corrective mode off 1.5326, 22 Sep low, with nearly 50% of 1.5689/1.5326 downleg being retraced so far at 1.5500 zone. This keeps gains limited for now, with overnight dip finding support at 1.5430 area. Immediate barrier comes at 1.5480, 20 day MA, clearance of which to open 1.5490/1.5507, ahead of Fib 61.8% at 1.5550. Near-term studies remain supportive, along with daily RSI emerging from oversold zone, to set scope for further recovery.

Res: 1.5492, 1.5507, 1.5550, 1.5585
Sup: 1.5422, 1.5400, 1.5384, 1.5326




USD/JPY

Maintains near-term negative tone, as repeated attempt at key 77.00 barrier failed again and subsequent reversal returned to 76.30 zone. On the downside, 76.10, previous low, continue to limit losses, however, risk of break below key support zone at 76.00/75.93 for fresh bear phase persists. Near-term indicators hold below their midlines, with break below 20 day MA at 76.40 confirming bearish near-term tone.

Res: 76.75, 76.96, 77.27, 77.68
Sup: 76.10, 76.00, 75.93, 75.50





USD/CHF

Corrects the latest strong gains through key barrier zone at 0.8800/0.8900, 200 day MA / main bear trendline, that resulted in fresh rally through 0.9000/0.9100 resistance, to hit 0.9180, fresh 5-month high and just under 0.9200 near-term target. Correction was contained above psychological level at 0.9000 and 20 day MA, keeps the immediate bulls in play for fresh attempt at 0.9180/0.9200, above which to focus 0.9338, 04 Jan yearly high and 0.9394, fib 50% of 1.1730/0.7067, 2010/2011 decline.

Res: 0.9100, 0.9141, 0.9180, 0.9200
Sup: 0.9021, 0.9000, 0.8965, 0.8926