Extends pullback from last Friday’s closing, when the pair hit fresh high at 1.3232. Further easing broke below 1.3100 handle, currently testing strong support zone at 1.3080, Jan higher platform / Fib 50% of 1.2930/1.3232 ascend, with risk of extension towards 1.3060/45, main bull trendline / Fib 61.8%, possibly to 1.3000, as hourly Bollingers are widening. Hourly studies maintain negative tone, with oversold conditions suggesting corrective bounce. Immediate barrier lies at 1.3165 zone, also 20 day SMA and only sustained break here to improve near-term structure.

Res: 1.3131, 1.3165, 1.3196, 1.3232
Sup: 1.3075, 1.3061, 1.3045, 1.3000

Remains under pressure after today’s recovery attempt off 1.5653, where a temporary support was found, failed under 1.5700 barrier, also 20 day SMA, reversing back to 1.5650, strong support zone. Holding above here, would keep possibility of fresh rally and extension of broader uptrend, with clearance of 1.5700 required to expose 1.5739, ahead of critical barrier at 1.5770. Failure to break above 1.5700, however, would risk fresh weakness and expose 1.5615/00, main bull trendline / figure support.

Res: 1.5700, 1.5724, 1.5739, 1.5770
Sup: 1.5653, 1.5640, 1.5625, 1.5600

Continues to spiral lower after losing very strong support at 76.50 that kept the downside protected for past two months. Hourly studies in the negative territory, keep the downside favored, with initial target at 76.10/00 now in focus, after the pair posted fresh 3-month low at 76.30. Possibility of Bank of Japan’s intervention is getting higher, however, no official comments for now. On the upside, 76.75/85 offers initial barriers, ahead of 77.00/20, that is expected to cap.

Res: 76.50, 76.65, 76.85, 77.00
Sup: 76.30, 76.10, 76.00, 75.56


Near-term recovery attempt from today’s fresh low at 0.9113, broke briefly above 0.9200, initial barrier. Hourly structure remains supportive for further gains, with regain of 0.9230, also Fib 23.6% of 0.9573/0.9113 descend, required to spark stronger recovery. Weakening studies on larger timeframes, however, keep the downside under pressure and risk further reversal, with 0.9100/0.9075 seen next.

Res: 0.9208, 0.9230, 0.9250, 0.9268
Sup: 0.9160, 0.9134, 0.9113, 0.9100