Hovers around 1.4000 handle, after reversal off 1.4246, fresh high, accelerated losses, to find temporary support at 1.3970, just ahead of strong support at 1.3955 zone. Hourly studies maintain negative ton, with 20 day SMA pointing lower and limiting the upside at 1.4055, also the latest consolidation band ceiling. Break below 1.3970 low would trigger fresh weakness and expose 1.3955 initially, ahead of 1.3900, figure support. To avert immediate downside risk, break above 1.4055 is required, while regain of 1.4100 to signal near-term bottom and turn focus higher.

Res: 1.4055, 1.4100, 1.4132, 1.4169
Sup: 1.3970, 1.3955, 1.3942, 1.3900


Trades in near-term corrective mode after overnight’s sharp fall from day’s high at 1.6135, found support at 1.5965, daily Ichimoku cloud upper boundary and just ahead of strong support at 1.5955. Bounce has so far retraced over 50% of the latest 1.6151/1.5965 downleg. 20 day SMA on 4-hour chart, limits gains for now. Hourly studies continue to point higher, with fresh momentum looking for clearance of 1.6063, correction high, to open 1.6080, Fib 61.8% and 1.6100, psychological barrier, next. Strong support lies at 1.6000 zone, below which would turn near-term focus lower and expose 1.5965.

Res: 1.6063, 1.6080, 1.6100, 1.6135
Sup: 1.6047, 1.6000, 1.5982, 1.5964


The pair has so far erased a good part of today’s strong rally from 75.56 that peaked at 79.52, after action was taken by Bank of Japan. Reversal under initial support at 78.00 and test of previous high at 77.85, found temporary ground here, while wider picture’s outlook still keeps the upside favored. Hourly 20 day SMA at 77.65, underpins for now. Key targets above 79.52 lie at 80.00 and 80.23/50 zone. Only loss of 77.50/00 handles would signal return to the previous range levels.

Res: 78.34, 79.00, 79.52, 80.00
Sup: 77.75, 77.68, 77.50, 77.00


Consolidates the recent gains that peaked at 0.8737 earlier today. Downside remains protected at 0.8670, consolidation low and hourly 20 day SMA, however, positive hourly studies started fading. Loss of 0.8670 would put immediate gains on hold in favor of further reversal, with 0.8620 to come next. On the upside, today’s high at 0.8737 and Fibonacci 61.8% of 0.8857/0.8566 downleg at 0.8745, offer initial resistance, with break here to signal a resumption of near-term rally and open 0.8800 next.

Res: 0.8737, 0.8745, 0.8800, 0.8823
Sup: 0.8670, 0.8620, 0.8600, 0.8566