EUR/USD

Fresh strength off 1.3650, yesterday’s low, is getting congested on approach to key barriers at 1.3900/13. Initial support at 1.3800 zone contains dips for now and keeps positive near-term tone in play for attempt at 1.3913, above which to open key barriers at 1.3935/40, 15 Sep high / 55 day MA. Loss of 1.3800 handle would delay immediate bulls, while possible break under 1.3720/00 support zone to signal lower top and re-expose 1.3685/50 zone.

Res: 1.3868, 1.3900, 1.3913, 1.3935
Sup: 1.3810, 1.3800, 1.3760, 1.3720




GBP/USD

Accelerates gains from yesterday’s higher low at 1.5630 after break above 1.5770 barrier, to test previous high of 14 Oct at 1.5851. Clear break here is required to resume higher, with near-term studies in positive territory, setting scope for upside extension towards 1.5900, then 1.5940, Fibonacci level. Overbought hourly conditions, however, suggest corrective pullback preceding fresh rally. Initial support at 1.5790/70 zone, while hourly 20 day MA, currently at 1.5850, underpins.

Res: 1.5851, 1.5865, 1.5900, 1.5940
Sup: 1.5800, 1.5790, 1.5770, 1.5710




USD/JPY

Shows no signs of action, as being entrenched within narrow 76.65/85 range. Hourly and 4-hour studies remain skewed to the downside, with loss of initial support at 76.60 to open 76.30, possibly key levels at 76.10/75.93 on a break. On the upside, near-term range ceiling at 76.85/90 offers initial resistance, ahead of key barriers at 77.25, bear trendline and 77.50 zone, previous highs. Break of either side is required to signal fresh direction.

Res: 76.90, 77.00, 77.30, 77.50
Sup: 76.65, 76.50, 76.30, 76.10





USD/CHF

Near-term price action sees narrowing trend and creation of hourly triangle, as recovery attempt from 0.8880, 17 Oct low, was initially capped at 0.9046 and near-term lower top left under 0.9000. However, near-term positive tone persists while 0.8950/20 support zone stays intact, with clearance of 0.9000/50 barriers seen for attack at 0.9100/20. Break below triangle’s lower boundary at 0.8962 would weaken the structure, while below 0.8920 would confirm near-term top and re-focus 0.8880 support.

Res: 0.9000, 0.9020, 0.9046, 0.9051
Sup: 0.8962, 0.8945, 0.8920, 0.8900